I have no objection to looking at what other projects in the cryptosphere are up to. It would be foolish not to. I very much object to having a highly publicized contest (with a big reward) to find problems and weaknesses in other coins/projects. And if we do find issues, the way it's supposed to work with white hat people is to alert them to the problem and give them an opportunity to fix it. But not some big PR witch hunt. That just makes us look petty.
Oops, I was only half-awake and had the bug bounty program in mind. Yeah, offering a reward to break something like a Tezor wouldn't be right at all.