Crypto exchange Bybit is offering up to $140 million as a bounty for assistance in recovering $1.4 billion worth of Ethereum stolen during a sophisticated hack on the exchange. The incident, which is regarded as the largest crypto hack to date, involved the manipulation of a transaction from Bybit's multi-signature cold wallet to its hot wallet. Bybit's co-founder, Ben Zhou, expressed gratitude for the overwhelming support from the crypto community and emphasized the company's commitment to enhancing security measures following this incident. The ongoing investigation has linked the hack to other significant breaches attributed to the Lazarus Group, a hacker collective. Additionally, Tether's CEO confirmed that $181,000 of stolen funds had been frozen with the help of on-chain investigator ZachXBT. Bybit aims to transform its security protocols and improve liquidity in the aftermath of this event.

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