Bybit is making headlines by sponsoring Ethereum’s first-ever security hackathon aimed at boosting Ethereum’s security and supporting public good projects. Organized by Immunefi and the Ethereum Foundation, this event will enhance the Ethereum network’s safety.
Event Overview
The Ethereum Attackathon will run for eight weeks, bringing together top minds to review Ethereum’s code. The initiative aims to raise over $2 million, including contributions from the Ethereum Foundation’s initial $500,000 seed, playing a crucial role in enhancing Ethereum’s security and fostering innovation in the crypto space.
Bybit's Contribution
Bybit made a significant contribution of 75 ETH—the largest so far. Ben Zhou, Bybit’s co-founder and CEO, expressed excitement about the sponsorship, stating, "Our sponsorship of the Ethereum Attackathon aligns with our mission to support the security and sustainability of the ecosystems vital to the global crypto community. By contributing to this event, we’re investing in a safer and more resilient Ethereum network."
WSOT 2024 Expansion
Beyond this, Bybit is also expanding its World Series of Trading (WSOT) 2024 prize pool to a record $10 million. This competition merges traditional and decentralized trading, offering traders a chance to shine in both centralized and decentralized exchanges. Bybit’s investment in WSOT not only provides substantial prize money but also offers support and resources to emerging Web3 talent.
Bybit's sponsorship of the first Ethereum security hackathon and expansion of WSOT highlight the company’s commitment to supporting Web3 ecosystems and fostering security and innovation in the crypto community.
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