News Bybit Cryptocurrency exchange Recovery Bounty

Bybit launches a reward program of up to $140 million for the return of stolen funds

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Bybit launched the Recovery Bounty program, where experts can receive up to 10% of the recovered amount. The total payout fund reaches $140 million and is calculated based on the value of hacked ETH exceeding $1.4 billion. The company awards compensation to specialists who played a key role in the recovery of assets, aiming to strengthen security and community trust.

Cryptocurrency exchange Bybit announced the launch of the Recovery Bounty program, under which cybersecurity specialists and crypto analysts can receive a reward of up to 10% of the recovered amount. In the event of full recovery of funds, the total payout could reach $140 million.

Bybit allocates 10% of the recovered assets as a reward to experts who played a key role in returning the stolen cryptocurrencies. The total fund for the program is calculated based on the value of the hacked ETH, which exceeded $1.4 billion at the time of the incident.

The company has received significant support from leading specialists and organizations in the industry and aims to fundamentally strengthen its security infrastructure, enhance liquidity, and build trust within the community.

Source: bybit.com

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Bybit launches a reward program of up to $140 million for the return of stolen funds

The Tech AI

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