GuShiio.com Article source: Bybit
Dubai, United Arab Emirates, February 23, 2025-Bybit, the world’s second-largest cryptocurrency trading platform by transaction volume, 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 more efficiently track and recover stolen funds under tight deadlines.
The list of suspicious addresses was compiled by the industry’s top white-hat hackers and investigators working day and night within three days of the hacking. Bybit has so far received thousands of clues from industry colleagues, demonstrating an unprecedented spirit of cooperation in the face of crises.
With the joint efforts of internal and external security teams, an elite investigation team identified a number of malicious wallet addresses. This collaborative initiative will significantly improve security response efficiency and strengthen the security of the entire encrypted network.
Bybit will continue to update the blacklist to ensure that cybersecurity experts and partners can effectively intercept illegal activities. Bybit will provide a 10% reward for contributors who successfully intercept and recover funds to further demonstrate its commitment to protecting the security of the entire industry.
Looking to the future, Bybit is developing the HackBounty platform and will make an announcement at an appropriate time. This platform aims to empower the entire industry to jointly track the actions of hackers. Bybit encourages all security experts to keep an eye on the latest developments in this innovative initiative.
“I am deeply inspired by the extraordinary spirit of cooperation demonstrated both online and in the real world. As long as we work together, this will be a turning point in the industry. We can work together to build a stronger cybersecurity defense system.”– Ben Zhou, co-founder and CEO of Bybit
Bybit will also continuously update its blacklist to help partners intercept illegal financial flows. Contributors who successfully recover funds will receive a 10% reward to encourage the industry to jointly maintain network security. Interested security experts can learn more about the Bybit Reward Program at bounty_program@bybit.com
Crypto’s Defense Alliance
This action led to a historic comprehensive cooperation in the encryption industry and formed an industry-wide security alliance. Bybit has released a list of individuals, institutions and teams that contributed to this emergency operation, and the list is still being updated. These include but are not limited to the following partners and peers:
Mandiant, Verichain, and Sygnia.co provided key forensic analysis to reveal the truth of the hacking attack;
ZeroShadow launched a 24/7/365 Global Incident Response Service Team to assist in tracking malicious actors and capital flows, and communicate with law enforcement agencies to support investigations and stolen goods recovery;
Chainalysis, Elliptic, TRM, Goplus, SEAL 911, and ZachXBT quickly mark on-chain addresses associated with attacks, limiting hackers ‘ability to clean stolen assets;
SlowMist, BlockSec, and BEOSIN provide professional Cybersecurity Consultation Service and threat analysis;
VerifyVASP, AML Bot, and CryptoForensic contribute key compliance and risk assessment solutions to improve overall security response capabilities;
Binance, Coinbase, Bitget, Polygon, Arbitrum, Optimism, Wormhole, Synapse, Connext, Chainflip, Across.to, Symbiosis.finance, AVAX, ChangeNow, fixedfloat, and cBridge provide cross-chain security measures to help block the flow of hackers ‘funds.
Bybit will continue to work with industry partners to jointly combat hacking and strengthen the security defense line of the global encryption ecosystem.
This article is from a submission and does not represent the views of BlockBeats.
