*Bybit Launches Blacklisted Wallets API and Bounty Program to Recover $1.4 Billion in Stolen Crypto* Bybit exchange has released a blacklisted wallet API to aid in the recovery of funds stolen in a recent hack linked to the Lazarus Group. The hack resulted in the loss of over $1.4 billion in crypto. To incentivize recovery efforts, Bybit is offering a bounty of up to 10% of the stolen funds for white hat hackers who successfully recover the crypto. *Key Features of the Blacklisted Wallets API:* - _Lists suspicious wallet addresses_ to help security experts and white-hat hackers track and recover stolen assets - _Updated periodically_ to combat emerging threats - _Assists in Bybit's bounty program_ to recover stolen funds *Recovery Efforts:* Bybit is working with law enforcement officials in Singapore and discussing potential solutions with the Ethereum Foundation. Several cybersecurity firms and blockchain security teams have joined the effort to track and recover the stolen funds. *Ethereum Blockchain Rollback Proposal:* Following the hack, some members of the crypto community called for an Ethereum blockchain rollback to reverse the hacker's transactions. However, Ethereum core developer Tim Beiko rejected the idea, citing technical infeasibility and potential disruptions to the ecosystem. > Summarized from Cointelegraph