MINE.exchange NEWS
February 24, 2025 at 10:58 AM
⚙⚡ Bybit Announces a Reward for Recovering Stolen $1.5 Billion
Cryptocurrency exchange Bybit has launched the Recovery Bounty Program, offering up to 10% of the recovered amount as a reward for assisting in the investigation of the largest centralized exchange (CEX) hack. Hackers stole $1.5 billion worth of Ethereum, and Bybit is now reaching out to cybersecurity and crypto analytics experts to track down the perpetrators and recover the stolen assets. The reward could reach $140 million if the full amount is successfully retrieved. Bybit CEO Ben Zhou noted that within just 24 hours after the incident, the company received support from top industry experts, demonstrating the solidarity of the crypto community. 🕵️♂️
Bybit emphasizes that security and user trust are top priorities. The company is not only rewarding the community for their assistance but also plans to significantly strengthen security measures, improve liquidity, and enhance user engagement. Zhou highlighted that the exchange sees this incident as a learning experience, aiming to create a more reliable and secure ecosystem. 🔐
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