CHINA – Just months after launching a bug bounty program in response to security concerns with their products, DJI has announced they are unable to pay out all of the verified vulnerabilities and will be declaring bankruptcy as a result.

The bug bounty program was launched in August after several security experts identified vulnerabilities and hackers were able to override DJI’s geofencing system. “We wanted to use this program to gain more knowledge about the threats and vulnerabilities in our products”, a spokesperson for DJI said. “One the one hand, the program was a huge success. We never imagined there could be so many problems with our systems! Unfortunately though, we didn’t have the funds to cover it.”

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