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Bybit Announces Bounty for Assistance in Uncovering Major Crypto Fraud

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by Giorgi Kostiuk

5 hours ago


Bybit, the world's second-largest cryptocurrency exchange by trading volume, is offering a reward for assistance in uncovering the largest cryptocurrency fraud in history.

Recovery Bounty Program

As part of the investigation and recovery efforts, Bybit is pledging 10% of recovered funds to ethical cyber and network security experts who actively participate in retrieving the stolen cryptocurrencies. The total amount of the bounty is based on the verifiable recovery of compromised ETH worth over $1.4 billion at the time of the incident.

Within 24 hours of the event, we were overwhelmed with support from some of the best people and organizations in the industry, and we do not take it for granted.Ben Zhou, co-founder and CEO of Bybit

How to Get Involved

Individuals and organizations interested in participating in the Recovery Bounty Program can contact us via email at bounty_program@bybit.com.

Significance of Collaboration in the Crypto Industry

Trust and security are at the core of the crypto industry. As the ecosystem grows, collective action is essential to maintaining its strength. We encourage exchanges, analysts, and the broader community to collaborate in protecting digital assets and reinforce security, deter malicious activities, and uphold confidence in the industry.

Bybit's program offers a unique opportunity for security experts to contribute to the recovery of lost assets and the strengthening of security within the crypto world.

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