Bybit releases blacklist API to help fund tracking and launches bounty program

Odaily Planet Daily News Cryptocurrency exchange Bybit announced the launch of a new API to update the blacklist of identified suspicious wallet addresses. The API will help various project parties and security experts track and recover stolen funds more efficiently under time pressure. This list of suspicious addresses was compiled by industry white hat hackers and investigators within three days of the hacker attack. Bybit has received thousands of clues from industry colleagues so far. With the joint efforts of internal and external security teams, the elite investigation team confirmed a batch of malicious wallet addresses. Bybit will continue to update the blacklist to ensure that cybersecurity experts and partners can effectively intercept illegal activities. For contributors who successfully intercept and recover funds, Bybit will provide a 10% bounty reward. Bybit is developing the HackBounty platform and will release an announcement at the appropriate time. This platform aims to empower the entire industry to jointly track the actions of hackers and encourage all security experts to continue to pay attention to the latest progress of this innovative program. Bybit will also continue to update the blacklist to help partners intercept illegal fund flows, and contributors who successfully recover funds will receive a 10% bounty reward. This action has led to a historic and comprehensive cooperation in the crypto industry, forming an industry-wide Crypto's Defense Alliance. Bybit has announced a list of individuals, institutions and teams that have contributed to this emergency action, and the list is still being updated. This includes but is not limited to the following partners and peers: Mandiant, Verichain, Sygnia.co provide key forensic analysis to reveal the truth of this hacker attack. ZeroShadow launched a 24/7/365 global emergency response team to assist in tracking malicious actors, fund flows, and communicate with law enforcement agencies to support investigations and recovery of stolen assets. Chainalysis, Elliptic, TRM, Goplus, SEAL 911, ZachXBT quickly marked on-chain addresses related to the attack, limiting the ability of hackers to launder stolen assets. SlowMist, BlockSec, BEOSIN provide professional security consulting and threat analysis. VerifyVASP, AML Bot, CryptoForensic contribute key compliance and risk assessment solutions to enhance overall security response capabilities. Binance, Coinbase, Bitget, Polygon, Arbitrum, Optimism, Wormhole, Synapse, Connext, Chainflip, Across.to, Symbiosis.finance, AVAX, ChangeNow, fixedfloat, cBridge provide cross-chain security measures to help block the flow of hacker funds.