Bybit launches $140m bounty to track down crypto heist

Bybit, the second largest exchange of cryptocurrency in the world in volume of negotiation, offers a massive bonus to break the largest crypto flight in history.

The exchange is promise 10% of funds recovered – up to 140 million dollars – to cybersecurity experts and blockchain analysts who help follow and recover stolen assets.

The premium is linked to the resumption of more than $ 1.4 billion from Ethereum compromise.

“Within 24 hours of the event, we were overwhelmed by the support of some of the best people and organizations in the industry, and we do not hold it for granted. We shared in a dark moment in the history of the crypto, and we have proven that we are better than the malicious actors, “said Ben Zhou, co-founder and CEO of Bybit.

He underlined Bybit’s commitment to strengthen security and liquidity while promoting collaboration across industry.

Until now, the Zachxbt chain investigator has identified the Lazarus group of North Korea as the brains behind the hack, where funds have been taken and moved in four different movements:

• 401 347 $ ETh worth $ 1.12 billion
• 90,376 $ Steth worth 253.16 million dollars
• 15,000 $ Cmeth worth $ 44.13 million
• 8,000 $ method worth $ 23 million

Zachxbt obtained an ARKM premium of 50,000 for discovering that the cold multisig (ETH) portfolio was used during a routine transfer to the hot portfolio of the exchange.

The pirates handled the signature interface, which displayed the correct portfolio address while modifying the underlying intelligent contractual logic.