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The markets here are complicated and the terms on "million dollar" vulnerabilities are complicated and a lot of intuitive things, like the incentives for actors to "hoard" vulnerabilities, are complicated.

We got Mark Dowd to record an episode with us to talk through a lot of this stuff (he had given a talk whose slides you can find floating around, long before) and I'd recommend it for people who are interested in how grey-market exploit chain acquisition actually works.

https://securitycryptographywhatever.com/2024/06/24/mdowd/



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