Bybit Launches Recovery Bounty Program with Rewards up to 10% of Stolen Funds
Newsroom
Bybit, a leading cryptocurrency exchange, has announced the launch of its recovery bounty program, aimed at recovering stolen funds and offering rewards up to 10% of the stolen amount to those who help.
How it Works
The program is designed to encourage individuals to come forward with information that can help recover stolen funds. Bybit will offer a reward of up to 10% of the stolen amount to those who provide valuable information that leads to the recovery of stolen funds.
Eligibility Criteria
To be eligible for the program, individuals must provide detailed information about the stolen funds, including the transaction hash, the amount, and the wallet address. Bybit will review the information and verify its authenticity before awarding the reward.
Rewards Structure
The rewards structure for the program is as follows:
- 1-5% of the stolen amount for providing basic information (e.g., transaction hash, amount, and wallet address)
- 5-10% of the stolen amount for providing detailed information (e.g., IP address, browser type, and other relevant details)
Benefits
The recovery bounty program offers several benefits, including:
- Incentivizing individuals to come forward with information that can help recover stolen funds
- Providing a safe and secure way for individuals to report stolen funds
- Encouraging collaboration and cooperation among the crypto community to combat fraud and theft
Conclusion
Bybit’s recovery bounty program is a significant step towards creating a safer and more secure crypto ecosystem. By offering rewards for information that leads to the recovery of stolen funds, the program aims to incentivize individuals to come forward and help combat fraud and theft.
Frequently Asked Questions
Q: What is the eligibility criteria for the program?
A: To be eligible, individuals must provide detailed information about the stolen funds, including the transaction hash, the amount, and the wallet address.
Q: What is the rewards structure for the program?
A: The rewards structure is as follows: 1-5% of the stolen amount for providing basic information and 5-10% for providing detailed information.
Q: How do I report stolen funds to Bybit?
A: To report stolen funds, individuals can submit a request to Bybit’s support team, providing the required information.
