"Bybit Unveils API to Combat Crypto's Biggest Heist"

Bybit, the world's second-largest cryptocurrency exchange by trading volume, has taken a significant step in its ongoing efforts to recover funds stolen in a recent high-profile hack. The exchange has released an API that updates a blacklist of suspicious wallet addresses, as part of its Recovery Bounty Program.

The API, which is now available to verified partners, will allow ethical security experts to streamline their efforts in identifying and recovering compromised funds. The list of addresses is the result of the tireless work of white-hat hackers and investigators, who have been working diligently to track down the malicious actors behind the largest heist in crypto history.

Bybit has received thousands of tips from industry colleagues, demonstrating a remarkable spirit of cooperation in the face of adversity. The exchange has confirmed a list of malicious addresses, which will be made available to verified partners through an automated interface. This collaborative effort will help streamline the security response and enhance security across the network.

Bybit will continually update this list to ensure cyber defenders and security partners can effectively intercept fraudulent activities. Successful interceptions will be rewarded with a 10% bounty, reinforcing the exchange's commitment to securing the industry as a whole.

Looking ahead, Bybit will announce in due time a HackBounty platform currently under development. This innovative initiative is designed to empower the entire industry in tracking down hackers and strengthening the defense system against cyber threats.

Ben Zhou, co-founder and CEO of Bybit, expressed his enthusiasm for the industry-wide collaboration, stating, "I am energized by the incredible camaraderie on-chain and in real life. This can be a transformative moment for our industry if we get it right. Together, we can build a stronger defense system against cyber threats."

The concerted efforts have formed an industry-wide alliance in one of crypto's defining moments. Bybit has shared a list of individuals, entities, and teams who have contributed to the Hail Mary mission. The "thank-you list" includes but is not limited to the following partners and peers and is growing by the hour:

• Mandiant, Verichain, and Sygnia.co are providing crucial forensic analysis, and uncovering the facts behind the hack incident.
• ZeroShadow activated its 24/7/365 Global Response team, collaborating closely on Bad Actor