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You are at:Home»Crypto»Hacked Crypto Exchange bybit offers $ 140 million generosity to detect stolen funds
Crypto

Hacked Crypto Exchange bybit offers $ 140 million generosity to detect stolen funds

techtost.comBy techtost.com27 February 202502 Mins Read
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Hacked Crypto Exchange Bybit Offers $ 140 Million Generosity To
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Last week, hackers stole about $ 1.4 billion in Ethereum encryption by Crypto Exchange Bybit, believed to be the largest encryption in history. The company now offers a total of $ 140 million unjustified for anyone who can help detect and freeze the stolen funds.

Bybit’s CEO and co -founder Ben Zhou announced the generosity In a post on x on Tuesday.

On the official website of generosityBybit explains that for each time one finds and freezes some of the stolen funds, 5% of this amount goes to the person who found them and 5% goes to the “entity” who frozen the funds.

At the time of writing, thanks to five generosity hunters, Bybit has already awarded $ 4.23 million on loans, according to the site, whose logo is a knife that seems to stab its head of North Korean leader Kim Jong-Un.

Contact us

Do you have more information about Bybit hack or other cryptographic Heists? From a device and non-work network, you can contact Lorenzo Franceschi-bicchierai safely on the mark on +1 917 257 1382, or through the telegram and keybase @lorenzofb or email. You can also contact TechCrunch via securedrop.

“We will not stop until Lazarus or the bad actors are eliminated in the industry. In the future we will open it to other victims of Lazarus,” Zhou wrote, referring to Lazarus groupThe name that the cyberspace sector has been entrusted to a broad hacker group supported by North Korea has largely focused on encryption thefts.

Multiple security researchers and encryption security and monitoring companies believe that hackers behind the mass bybit Heist project for the North Korean government, which has become very effective over the years to target encryption exchanges and web3 companies, stealing $ 650 million. and South Korea.

On Wednesday, Zhou of Bybit published the preliminary results Hack forensic investigation, led by two companies, Sygnia Labs and Vericains. Sygnia concluded that the “main cause” of the attack was a malicious code coming from its infrastructure Safewalleta encryption wallet platform. Vericains said a benign Javascript file was replaced with a malicious version “especially aimed at the Ethereum Multisig Cold Wallet of Bybit”.

The two security investigations have come to the conclusion that hackers violated the developer’s device at Safewallet, The company itself confirmed.

bybit crypto cyberspace detect encryption eth exchange funds generosity hacked hacker Lazarus group million North Korea offers stolen stubborn
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