The exploit, which hasn’t been confirmed by Google HQ yet, will bag the teenager a whopping US$60,000 cash reward making it two times in a row, if confirmed. Chris Evans, a Google engineer, will be revealing all the successful exploits at the end of the conference tomorrow afternoon. Earlier Pinkie Pie won top prize at the CanSecWest Pwnium event where he used a total of six exploits to escape the Chrome Sandbox. Given the reputation of Pinkie Pie, it won’t be far fetched to say that Chrome has been cracked once again.

Mountain view is going to hand out a total of US$2 million in prize money during the event for successful Chrome exploits. A Full Chrome Exploit on a Windows 7 system will bag the creator $60,000, a Partial Chrome exploit will bag $40,000 and a $20,000 will be given as part of the Consolation Reward for those who find bugs in one or more of Flash, Windows or a driver. These exploits are not specific to Chrome and will be a threat to users of any web browser.

Google, in a bid to close the vulnerabilities at the earliest and mostly within 24 hours, has dedicated three teams that will work to come up with the necessary patches.