Bybit revealed a $ 140 million reward program as part of its efforts to track and possibly recover $ 1.4 billion of stolen money.
This initiative comes in addition to the recent recovery of more than $ 43 million from Cmeth and USDT associated with the accident.
Bybit is involved in the moral infiltrators in a $ 140 million bonus initiative
On February 22, bybit Declare A reward program aims to involve moral infiltrators and cyber security specialists to help recover stolen assets.
Bybit pledge up to 10 % of the recovered funds as a reward. If the full amount is recovered, shareholders may receive up to $ 140 million.
The stock exchange will distribute the reward between individuals who provide value intelligence or play a direct role in asset recovery.
Ben Zhou CEO Ben Zhou highlighted the strong response from the encryption community. He pointed out that industry and organizations experts have already applied for help.
He stressed the importance of cooperation in facing electronic threats, and stressed the commitment of bybit to enhance its security infrastructure.
“We want to formally reward our society who have provided us with their experience, experience and support through the Recovery Boundy program, and our efforts to make this difficult lesson not stop here. Bybit is designed to rise above the setback and convert our security infrastructure mainly, improve liquidity, and be a fixed partner for our friends In the encryption community. “
More than $ 43 million of stolen money has been recovered
In addition to announcing the reward, the efforts made to restore lost assets have already resulted in results. More than $ 43 million of digital assets has been secured, as the main players intervened in the industry to prevent further losses.
Mudit Gupta, Chief Information Security official in Polygon, certain Recover 15,000 cloaks rest ethereum (Cmeth), at a value of about $ 43 million. He stated that the recovery has become possible by cooperating with the sealing and stomach teams.
Gupta explained that they had identified a security gap inside the protocol, which enabled them to recover the assets.
“I saw the possibility of recovery shortly after communicating with the Mantle/Meth team that achieved it.
In separate statementThe Mantle team confirmed that it banned the address of the exploit using the withdrawal delay from the protocol for eight hours. This measure prevented more unauthorized transactions and securing stolen money.
In addition, Tether Stablecoin Tether was frozen $ 181,000 at Usdt associated with hacking. While the amount is relatively small, the CEO of Tether Paolo Ardoino stressed the importance of industry cooperation in reducing financial losses.
“You only freezes 181,000 USDT connected to the BYBIT penetration. It may not be much but it is a sincere work. We continue to monitor,” Erdino He said.
Disintegration
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