Crypto Exchange Offers $250k Bounty for Hacker Info

Top 25 crypto exchange Binance is offering a bounty for information leading to the arrest of those responsible for the attempted hack on its system on March 7th, 2018.

Founder Zhao Changpeng posted on the Company’s blog that $250,000 (in USD worth of Binance coin, BNB) is up for grabs to the first person to bring substantial information and evidence that leads to the hackers’ arrest.

Thanks to the effort from some of our helpful Binancians, we are able to provide a variety of translations for our Binance Hacker Bounty to help extend our reach.

We will be tweeting each translation individually. Feel free to help spread the word by retweeting your language! :)

— binance (@binance_2017) March 11, 2018

The statement adds that $10 million is also being set aside for future bounties and Binance is urging other exchanges to do the same.

Hacking has proved to be a lucrative business. Earlier this year, more than $530 million (USD) was stolen in the Coincheck hack of XEM coin, which is still under investigation by authorities and agencies in Tokyo and Vancouver, Canada.