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Hacked Crypto Exchange Bybit offers a $140 million bounty to track stolen funds

TechBrunchBy TechBrunchFebruary 26, 20252 Mins Read
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Last week, hackers stole around $1.4 billion in Ethereum cryptocurrency from Crypto Exchange Bybit. It is considered to be the biggest code robber in history. Now, the company offers a total of $140 million rewards to anyone who can help track and freeze stolen funds.

Bybit CEO and co-founder Ben Zhou announced the prize money on Tuesday in an X post.

On the official website of the prize money, Bybit says that whenever someone freezes by following some of the stolen funds, 5% of that amount is to the person who finds them, and 5% is to the “entities” that Froze said It explains that it will be sent.

At the time of writing, BYBIT has already awarded a $4.23 million prize thanks to five admirers. According to the site, the logo is a knife that appears to stab North Korean leader Kim Jong-un in the head.

Please contact us. Is there any more information about Bibit Hacks and other crypto robberies? From unprocessed devices and networks, you can safely contact Lorenzo Franceschi-Bicchierai with a signal of +1 917 257 1382, via Telegram and Keybase @lorenzofb, or by email. You can also contact TechCrunch via SecureDrop.

“It won't stop until Lazarus and the bad actors of the industry are eliminated. Zhou is a name that focuses on cryptocurrency theft on a wide range of groups that have been assigned to a wide range of North Korea-backed hackers. Referring to the Lazarus Group, he wrote:

Multiple security researchers and crypto security and surveillance companies have been extremely effective at targeting crypto exchanges and web3 companies for many years, by the hackers behind the North Korean government's massive bibit robbery work. He believes he is stealing $650 million in code in 2024 alone. to the US, Japanese and South Korean governments.

On Wednesday, Bybit's Zhou published preliminary results from a forensic investigation of Huck, led by two companies, Sygnia Labs and Verichains. Sygnia concluded that the “root cause” of the attack was malicious code from the infrastructure of Safewallet, a crypto wallet platform. Verichains said the benign JavaScript files have been replaced by a malicious version.

Two security companies investigated concluded that the hacker violated the developer's device on Safewallet.



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