Company Puts Out Bounty for Crypto Sleuths to Hunt Down North Korean Hackers Who Stole $1.46 Billion in Bitcoin
Honestly I don’t have too much sympathy for people who lose money in bitcoin. The risks of fraud and theft are so well known no one should be surprised if they find themselves getting ripped off by a bitcoin scheme:
A company which fell victim to what’s thought to be the world’s biggest ever theft is seeking to recover some of its losses by crowdsourcing online bounty hunters.
Last week, hackers believed to be from North Korea’s notorious Lazarus Group stole $1.46bn (£1.1bn) of cryptocurrency from ByBit, a crypto trading platform.
The criminals are trying to rapidly cash out the hoard through a complex online money laundering process.
ByBit is now offering cash rewards to anyone who spots and prevents them from cashing out.
“Join us on war against Lazarus” the company’s CEO Ben Zhou posted online with a link to a new website offering a bounty to anyone who can help.
Cryptocurrencies are stored in public wallets anyone can look up so it’s possible to follow the money as the criminals split it into smaller chunks and send it through various channels to obscure its origins.
The new website has a live leader board showing companies and individuals who have successfully located some of the coins.
The bounty scheme gives 5% of the sum identified to individuals who successfully persuade a company that has control of the funds to freeze the money.
It’s also awarding 5% to the companies that take action.
You can read more at the link.
Tell that to all those fools who lost their life savings “investing” in Trump and Melania coins frauds. If that had happened in Korea, Trump and his wife would have been in prison, just like Yoon.