Azerbaijan women's basketball team clinch historic win in European cup final
The Azerbaijani women’s 3x basketball team clinched the silver medal at the European Cup to make history at the just concluded tournament in Copenha...
In the wake of what is believed to be the largest crypto heist in history, crypto exchange Bybit has launched a $140 million bounty program aimed at tracing and freezing approximately $1.4 billion in stolen Ethereum.
The bounty, announced by Bybit’s CEO and co-founder Ben Zhou on X (formerly Twitter) on Tuesday, is part of a broader effort to counteract the activities of the Lazarus Group—a North Korean-backed hacker collective accused of targeting cryptocurrency platforms.
Under the new bounty program, 5% of any traced and frozen stolen funds will be awarded to the individual who identifies them, with an additional 5% granted to the entity that facilitates the freeze. At the time of reporting, five bounty hunters have collectively received $4.23 million in rewards. The program’s official site, notable for its provocative logo depicting a knife impaling an image resembling North Korean leader Kim Jong-un, underscores the firm’s determination to hold perpetrators accountable.
“We will not stop until Lazarus or bad actors in the industry is eliminated. In the future, we will open it up to other victims of Lazarus as well,” Zhou stated, emphasizing the company's commitment to dismantling networks that support cybercriminal activity in the crypto space.
Multiple security researchers and crypto monitoring firms have pointed to strong evidence suggesting that the hackers behind the Bybit breach are working for the North Korean government. Governments of the United States, Japan, and South Korea have indicated that North Korean-linked cyber operations stole around $650 million in cryptocurrency in 2024 alone, highlighting the escalating threat facing digital asset platforms.
Preliminary forensic investigations led by Sygnia Labs and Verichains have provided further insights into the hack. Sygnia Labs identified the “root cause” as malicious code originating from the infrastructure of SafeWallet, a crypto wallet platform. Verichains added that a benign JavaScript file had been replaced with a malicious version designed specifically to target Bybit’s Ethereum Multisig Cold Wallet. Both investigations pointed to a breach of a developer’s device at SafeWallet, a vulnerability that SafeWallet has since confirmed.
Bybit’s aggressive bounty initiative marks a significant step in the ongoing battle against cybercrime in the cryptocurrency sector. As efforts intensify to trace and freeze the stolen funds, the program not only aims to recover assets but also sends a strong message to other potential bad actors in the industry.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
OpenAI has sharply raised its projected cash burn through 2029 to $115 billion, according to The Information. This marks an $80 billion increase from previous estimates, as the company ramps up spending to fuel the AI behind its ChatGPT chatbot.
Russian President Vladimir Putin on Friday urged Russia’s aerospace industry to step up efforts to develop booster rocket engines and expand the country’s role in global space technology.
U.S. President Donald Trump will host more than two dozen technology and business leaders on Thursday for a dinner in the newly renovated White House Rose Garden, a White House official said.
SpaceX’s Dragon spacecraft successfully completed an initial test Wednesday to demonstrate a new capability that helps maintain the International Space Station’s (ISS) orbital altitude.
A Chinese research team has unveiled a prototype washing machine designed for use in space, joining a growing international push to solve one of the more mundane but pressing challenges of long-duration missions: laundry.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment