**Dubai, United Arab Emirates, February 22nd, 2025 – Chainwire**
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is reaching out to the brightest minds in cybersecurity and crypto analytics to join the global effort to track down the culprits behind the largest heist in crypto history. With a generous reward of 10% of the recovered amount, contributors could potentially share a bounty worth up to 140 million USD if a full recovery is achieved.
**Recovery Bounty Program**
As part of its investigation and recovery initiatives, Bybit is committing 10% of any recovered funds to reward ethical cybersecurity and network security experts who actively assist in retrieving the stolen cryptocurrencies from this incident. The total bounty is based on the verifiable recovery of compromised ETH, which was valued at over $1.4 billion at the time of the incident. Bybit is dedicated to transparency and leveraging blockchain technology for positive outcomes.
“Within just 24 hours of the event, we were truly amazed by the support from some of the most talented individuals and organizations in the industry, and we deeply appreciate it. We’ve faced a challenging moment in crypto history together, and we’ve shown that we are stronger than those who act maliciously,” said Ben Zhou, co-founder and CEO of Bybit. “We want to officially recognize our community members who offered their expertise, experience, and support through the Recovery Bounty Program. Our commitment to turning this difficult lesson into a valuable opportunity doesn’t end here. Bybit is determined to rise above this setback, fundamentally enhance our security infrastructure, improve liquidity, and remain a reliable partner to our friends in the crypto community,” he added.
**How to Get Involved**
If you or your organization are interested in participating in the Recovery Bounty Program, please reach out to us via email at bounty_program@bybit.com. Trust and security are fundamental to the crypto industry. As our ecosystem continues to grow, collective action is vital to maintaining its strength. We encourage exchanges, analysts, and the wider community to collaborate in safeguarding digital assets. Together, we can bolster security, deter malicious activities, and uphold confidence in the industry. #Bybit / #TheCryptoArk
**About Bybit**
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a vibrant global community of over 60 million users. Founded in 2018, Bybit is committed to redefining openness in the decentralized world by creating a simpler, more inclusive ecosystem for everyone. With a strong focus on Web3, Bybit strategically partners with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Known for its secure custody, diverse marketplaces, user-friendly experience, and advanced blockchain tools, Bybit bridges the gap between traditional finance (TradFi) and decentralized finance (DeFi), empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com. For more information about Bybit, please visit our website.
