Bybit Wages ‘War’ on North Korean Hackers After $1.4 Billion Ethereum Theft – BitRss

Dubai-based centralized exchange Bybit is wasting no time in attempting to hamper hackers who nabbed $1.4 billion worth of Ethereum and related tokens last week, offering up to $140 million in bounties over the weekend to those helping to trace or freeze the funds. 

On Tuesday, the exchange went a step further, launching a bounty dashboard and website allowing users to submit leads about the stolen funds—and keep track of what it deemed as “good” and “bad” industry actors in the process. 

“In today’s blockchain landscape, transparency isn’t just a principle—it’s our most potent weapon against cybercrime,” said Bybit CEO Ben Zhou in a statement. “We are taking a stand to ensure that every transaction is visible and every hacker is held accountable… if you steal, you will be found, and justice will be swift.”