Nothing new here, except for a big ad for cyberaces (dot) org.
The lesson: most kids who crack systems as a self-declared white hat will be punished, some will get lucky with job offers (that they never seem to accept at the end of the day - humm).
Like the elders were advising 10-20 years ago: don't bother with trying to play by the rules. Start your own consulting firm or just keep it to yourself.