Skip to main content

Just In: Bybit Launches $140M Recovery Bounty for Crypto Hack Investigation


Recovery Bounty Program: Enlisting Experts to Track Down Crypto Heist Perpetrators
Crypto enthusiasts were shocked by the news of the largest crypto heist in history, with over $1 billion worth of crypto assets stolen from Bybit. In response, the popular cryptocurrency exchange has launched a Recovery Bounty Program in a bid to retrieve the stolen funds.
Hashtags: #Bybit #CryptoHeist #RecoveryBounty
Tickers: BTC, ETH, ADA, XRP

How the Program Works
The Recovery Bounty Program will reward cybersecurity and crypto analytics experts who can provide information leading to the recovery of the stolen funds. Bybit has allocated up to $140 million for this program, with a maximum reward of 10% of the retrieved funds. This means that if the entire stolen amount is recovered, the contributors could earn a whopping $140 million.
Hashtags: #CryptoSecurity #BybitRecovery #CryptoExperts
Tickers: LTC, BCH, DOT, LINK

Collaborating with Industry Experts
Bybit has also invited other crypto exchanges, security firms, and blockchain analytics companies to collaborate in this effort. The exchange believes that by working together, they can increase the chances of recovering the stolen funds and bringing the perpetrators to justice.
Hashtags: #CryptoCollaboration #SecurityPartnerships #BlockchainAnalytics
Tickers: BNB, DOGE, XLM, EOS

Protecting User Funds and Restoring Trust
The Recovery Bounty Program not only aims to retrieve the stolen funds but also to protect user assets and restore trust in the crypto community. Bybit has assured its users that their funds are safe and that they will continue to strengthen their security measures to prevent future hacks.
Hashtags: #CryptoSecurity #UserProtection #TrustRestoration
Tickers: UNI, MATIC, SOL, VET

The Role of the Crypto Community
The success of the Recovery Bounty Program also relies on the support and cooperation of the crypto community. By spreading the word and sharing any relevant information, we can all contribute to bringing the perpetrators to justice and retrieving the stolen funds. Let's unite and stand against crypto theft.
Hashtags: #CryptoCommunity #TogetherAgainstTheft #BybitRecovery
Tickers: THETA, AAVE, FTT, ALGO

Join the Recovery Bounty Program Now
If you have any information that can help recover the stolen funds from Bybit, do not hesitate to come forward and contact the exchange. Your contribution could make a significant difference and earn you a substantial reward. Let's work together to protect the crypto community and ensure the safety of our assets.
Hashtags: #CryptoWhistleblowers #BybitReward #CryptoProtection
Tickers: XTZ, ATOM, XMR, DAI


Sentiment Result: Positive

Crypto News

Comments

Popular posts from this blog

Bitcoin Price Recovers After Fed Announces No Rate Hike At FOMC

📈💰The Federal Reserve announced today that it will maintain its current interest rates, citing a strong job market and moderate economic growth. This decision comes as no surprise to those in the crypto community, as many have been anticipating this outcome for weeks. However, this news may have some investors feeling slightly disappointed, as they were hoping for a rate cut to boost the market.💸💻Crypto tickers such as BTC, ETH, and XRP have been trending upwards in recent weeks, with many investors hoping for a continued bull run. However, with the Fed's decision to keep interest rates steady, some may be wondering if this will have a negative impact on the market. While it's impossible to predict the exact effect on crypto prices, it's important to remember that the Fed's decision is based on a variety of factors and not solely on the crypto market.📉🌎The Fed's decision also has implications for the stock market, with many investors closely watching the anno...

Crypto Talkies July 8th 2025

As the sun sets on another bustling day in the crypto world, let's dive into the day's highlights. XRP has been making waves, surging past its $2.32 resistance mark with renewed vigor. The buzz is fueled by speculation around ETF approvals, increased trading activity on platforms like Upbit, and significant market inflows. With trading volume and market cap on the rise, all eyes are on XRP (XRP) as it teeters close to a pivotal resistance level, hinting at the potential for some dramatic market shifts. Across the Atlantic, the European Union has ushered in a new era for crypto firms with the successful licensing of 53 companies under the Markets in Crypto-Assets Regulation (MiCA). However, notable names like Tether (USDT) and Binance were notably absent from the approved list, leaving room for speculation on their next moves within the European Economic Area. Meanwhile, Hong Kong is steadily advancing its stablecoin initiatives, preparing to implement a licensing regime that ...

Crypto Talkies July 10th 2025

As the sun sets on another bustling day in the cryptosphere, the lights dim on a series of intriguing developments. Bitwise analysts set the stage by highlighting Ethereum (ETH), Solana (SOL), XRP (XRP), and Chainlink as frontrunners in the tokenization narrative, suggesting even modest tokenization could eclipse other crypto stories, including Bitcoin's epic tale. Meanwhile, SharpLink Gaming made waves with a strategic increase in Ethereum holdings, sending its stock soaring by 28% and setting tongues wagging throughout the corporate sector about the potential of similar crypto embraces. On the Trump-affiliated front, Donald Trump Jr.'s support for Thumzup Media Corp's expansion into Ether, XRP, and Solana reinforces a growing trend of political ties venturing into digital assets, despite some financial hiccups along the way. Bitcoin (BTC), though consolidating just below its all-time high of $112,000, remains a cornerstone of the market as it basks in increased accumulat...