Bybit, a cryptocurrency exchange, has fallen victim to the largest crypto theft in history, with around $1.4 billion in Ethereum stolen. CEO Ben Zhou announced a $140 million bounty to encourage informants to help track and freeze the stolen assets. Each successful trace will reward the discoverer 5% of the retrieved amount. Existing rewards total $4.23 million. Many believe a group of North Korean hackers, known as Lazarus, orchestrated the heist, prompting Bybit's commitment to eliminate bad actors in the crypto space.
Bybit is offering $140 million in bounties for information leading to the tracing and freezing of approximately $1.4 billion stolen in the largest crypto heist.
'We will not stop until Lazarus or bad actors in the industry are eliminated,' said Bybit’s CEO, stressing commitment to tracking those responsible for the theft.
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