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, we were overwhelmed with support from some of the best people and organizations in the industry, and we do not take it for granted. We have shared in a dark moment of crypto history, and we’ve proven we are better than the malicious actors,” said Ben Zhou, …

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