Bybit Releases API of Suspicious Wallet on “Black List” as Part of Recovery Bounty Program

February 23, 2025

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Bybit Releases API of Suspicious Wallet on “Black List” as Part of Recovery Bounty Program

Dubai, United Arab Emirates, February twenty third, 2025, Chainwire

Bybit, the world’s second-largest cryptocurrency alternate by buying and selling quantity, has introduced a new API updating a black listing of suspicious pockets addresses recognized thus far. The API will enable moral safety specialists to race in opposition to time to streamline and expedite their efforts in recovering the compromised funds.

The present listing of addresses is the results of the tireless work of a number of the finest white hats and investigators the {industry} has to supply, inside three days of the biggest heist in crypto. Bybit has acquired hundreds of ideas from colleagues within the {industry}, demonstrating a outstanding spirit of cooperation within the face of adversity.

As inner and exterior groups work diligently collectively, the elite job pressure confirmed a listing of malicious addresses which might be made obtainable to verified companions by way of an automatic interface. This collaborative effort will assist streamline the safety response and improve safety throughout the community.

Bybit will frequently replace this listing to make sure cyber defenders and safety companions can successfully intercept fraudulent actions. Profitable interceptions might be rewarded with a ten% bounty, reinforcing its dedication to securing the {industry} as an entire.

Wanting forward, Bybit will announce in due time a HackBounty platform presently underneath improvement, designed to empower the whole {industry} in monitoring down hackers. Safety insiders are inspired to remain tuned for this progressive initiative.

“I’m energized by the unbelievable camaraderie on-chain and in actual life. This could be a transformative second for our {industry} if we get it proper. Collectively, we will construct a stronger protection system in opposition to cyber threats,” mentioned Ben Zhou, co-founder and CEO of Bybit.

Bybit will frequently replace this listing to help companions in successfully intercepting fraudulent actions. Profitable interceptions might be rewarded with a ten% bounty, reinforcing its dedication to securing the {industry} as an entire. events could discover out extra about Bybit’s Bounty Rewards Program by reaching out to: [email protected]

Crypto’s Protection Alliance

The concerted efforts have shaped an industry-wide alliance in certainly one of crypto’s defining moments. Bybit has shared a listing of people, entities, and groups who’ve contributed to the Hail Mary mission. The “thank-you listing” consists of however shouldn’t be restricted to the next companions and friends and is rising by the hour:

Mandiant, Verichain, and Sygnia.co are offering essential forensic evaluation, and uncovering the info behind the hack incident.
ZeroShadow activated its 24/7/365 International Response staff, collaborating carefully on Unhealthy Actor Tracing and Identification, Funds Tracing, and Legislation Enforcement Communications to help the investigation and restoration efforts.
Chainalysis, Elliptic, TRM, Goplus, SEAL 911, and ZachXBT swiftly tagged exploit-related addresses on-chain, limiting the attacker’s potential to launder stolen property.
SlowMist, BlockSec, and BEOSIN delivered skilled safety advisory companies and insights.
VerifyVASP, AML Bot, and CryptoForensic contributed important compliance and threat evaluation options, enhancing the general safety response.
Binance, Coinbase, Bitget, Polygon, Arbitrum, Optimism, Wormhole, Synapse, Connext, Chainflip, Throughout.to, Symbiosis.finance, AVAX, ChangeNow, fixedfloat, and cBridge facilitated important cross-chain safety measures, and stopping the hacker.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency alternate by buying and selling quantity, serving a world group of over 60 million customers. Based in 2018, Bybit is redefining openness within the decentralized world by creating a less complicated, open, and equal ecosystem for everybody. With a robust concentrate on Web3, Bybit companions strategically with main blockchain protocols to offer sturdy infrastructure and drive on-chain innovation. Famend for its safe custody, numerous marketplaces, intuitive consumer expertise, and superior blockchain instruments, Bybit bridges the hole between TradFi and DeFi, empowering builders, creators, and fanatics to unlock the complete potential of Web3. Uncover the way forward for decentralized finance at Bybit.com.

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