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Magic-bean tokens. I think most on that bug-bounty site are done like that.

Regarding the downvotes, the company says the below in their Immunefi page. It seems (as the OP responded) that they paid out differently in this case. I am unsure why that happened or if the page is outdated.

"Payouts are handled by the Sei Foundation team directly and are denominated in USD. However, payments are done in SEI." [1]

The other part of my comment is correct according to the various Immunefi listings. Again, I could be incorrect if they do something differently behind closed doors.

[1] https://immunefi.com/bug-bounty/sei/

Projects are free to change their terms and the page you link has been updated since I submitted my reports. The maximum was lowered to $1M and payment currency changed from USDC to SEI.

Daily volume is > $100m, there's liquidity and the payout is pegged to USD so trade quick and run.

But OP was paid in USD anyway.

Sure, but we are talking about a token that (almost) had a bug that allowed people to steal from cold-wallets. No amount of fancy words makes that concern go away.

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