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Bybit Offers $140M Bounty In Wake of $1.4B ETH Hack, Investigation Focuses On Safe

Summary by Benzinga
In the aftermath of a $1.4 billion Ethereum (CRYPTO: ETH) heist, cryptocurrency exchange Bybit has launched a recovery bounty program, offering a reward of up to 10% of the recovered funds to ethical cyber and network security experts who actively contribute to retrieving the stolen assets. This translates to a potential bounty of up to $140 million, making it one of the largest crypto recovery efforts in history. "Within 24 hours of the event, …

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BenzingaBenzinga

Bybit Offers $140M Bounty In Wake of $1.4B ETH Hack, Investigation Focuses On Safe

In the aftermath of a $1.4 billion Ethereum (CRYPTO: ETH) heist, cryptocurrency exchange Bybit has launched a recovery bounty program, offering a reward of up to 10% of the recovered funds to ethical cyber and network security experts who actively contribute to retrieving the stolen assets. This translates to a potential bounty of up to $140 million, making it one of the largest crypto recovery efforts in history. "Within 24 hours of the event, …

·New York, United States
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Block TelegraphBlock Telegraph

Bybit Launches Recovery Bounty Program with Rewards up to 10% of Stolen Funds - BlockTelegraph

Dubai, United Arab Emirates, 22nd February 2025, Chainwire

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Finance Magnates | Financial and business newsFinance Magnates | Financial and business news

Bybit Offers $140M Bounty as Crypto Industry Rallies After Historic Hack

Bybit faced one of the largest security breaches in crypto history, but rather than standing alone, the exchange witnessed an extraordinary wave of industry-wide support. The exchange reportedly lost more than $1.4 billion in liquid-staked Ether (ETH) and MegaETH (mETH) due to a security breach.Key players in both centralized and decentralized finance rallied to contain the attack, prevent fund movement, and support the recovery process. This co…

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CoinfomaniaCoinfomania

Bybit Buys Back ETH After $1.4B Heist, Sets Sights on $3,100!

February 21st was a rough awakening for Bybit as a hacker group named The Lazarus Group, located in North Korea, stole 1.4 billion US dollars worth of ETH. Details about the fund’s recovery or apprehending the individuals behind this heist are still unclear, but Bybit has started its damage control efforts.    ETH Acquisition  A crypto intelligence company, Arkham Intelligence, also part of the investigative efforts, reported that Bybit has star…

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Bitcoin.comBitcoin.com

Bybit Announces Stolen Funds Recovery Initiative Following $1.4B Hack – Crypto News Bitcoin News

Bybit has launched a recovery bounty program offering rewards for retrieving stolen cryptocurrency funds. Crypto Exchange Bybit Initiates Recovery Bounty The Dubai-based cryptocurrency exchange, Bybit, has initiated a recovery bounty program following a security breach that compromised ETH valued at over $1.4 billion. The program promises a reward equal to 10% of recovered funds. The […]

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CryptoPanicCryptoPanic
Reposted by
The BlockThe Block

Bybit offers 10% bounty to anyone who assists in recovering funds from $1.4 billion hack

Recoveries from hacks by the Lazarus Group are rare, but possible: $30 million was recovered from the group's hack of the Ronin Bridge.

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Block Telegraph broke the news in on Saturday, February 22, 2025.
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