<ul><li>Bybit, the world’s second-largest cryptocurrency exchange, launches a $140M Recovery Bounty Program after a $1.4B hack.</li><li>Bybit aims to retrieve assets stolen in the breach and offers 10% of recovered funds to ethical cybersecurity experts and blockchain analysts.</li><li>The hack was linked to the North Korean-affiliated Lazarus Group, and recovery efforts have already yielded $43M in cmETH tokens.</li><li>Bybit received support from various crypto operators, including Tether, Chainalysis, and security firm Hacken, in recovering from the attack.</li></ul>

Bybit Launches $140M Recovery Bounty Program After Record $1.4B Crypto Hack

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