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Financemagnates

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Bybit Offers $140M Bounty as Crypto Industry Rallies After Historic Hack

  • Bybit faced one of the largest security breaches in crypto history, losing over $1.4 billion in liquid-staked Ether and MegaETH.
  • The crypto industry rallied to contain the attack, prevent fund movement, and support the recovery process.
  • Bybit launched a $140M Recovery Bounty Program to reward experts who help track and retrieve the stolen assets.
  • Bybit remains committed to transparency and enhancing security infrastructure to reinforce industry-wide defense mechanisms.

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