Hacked crypto exchange Bybit offers $140 million bounty to trace stolen funds

Last week, hackers stole around $1.4 billion in Ethereum cryptocurrency from crypto exchange Bybit, believed to be the largest crypto heist in history. Now, the company is offering a total of $140 million in bounties for anyone who can help trace and freeze the stolen funds. Bybit’s CEO and co-founder Ben Zhou announced the bounty in a post on X on Tuesday. On the official site of the bounty, Bybit explains that for every time someone traces and freezes some of the stolen funds, 5% of that amount goes to the person who found them, and 5% to the “entity” that froze said funds. At the time of writing, thanks to five bounty hunters, Bybit has already awarded $4.23 million in bounties, according to the site, whose logo is a knife appearing to be stabbing through the head of North Korean leader Kim Jong-un. Contact Us Do you have more information about the Bybit hack, or other crypto heists? From a non-work device and network, you can contact Lorenzo Franceschi-Bicchierai securely on Si ... Read full article.