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Hacked crypto exchange Bybit offers $140M bounty to trace stolen funds
Bybit has already paid more than $4 million to bounty hunters who helped trace and freeze some of the stolen funds.
On Wednesday, Bybit’s Zhou published the preliminary results of the forensic investigation into the hack, led by two companies, Sygnia Labs and Verichains. Sygnia concluded that the “root cause” of the attack was malicious code coming from the infrastructure of SafeWallet, a crypto wallet platform. Verichains said a benign Javascript file was replaced with a malicious version “specifically targeting Ethereum Multisig Cold Wallet of Bybit.”
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