I haven't seen a thread regarding this so I thought of sharing. Binance Exchange posted yesterday about them offering a $250,000 USD equivalent as a Hacker Bounty because of the attempted hacking incident last Mar 7.
https://medium.com/binanceexchange/binance-hacker-bounty-58845d860afdPS. Check their twitter account @binance_2017 for translated versions of the blogBinance Hacker BountyTo ensure a safe crypto community, we can’t simply play defense. We need to actively prevent any instances of hacking before they occur, as well as follow through after-the-fact. Even though the hacking attempt against Binance on March 7th was not successful, it was clear it was a large-scale, organized effort. This needs to be addressed.
Binance is offering a $250,000 USD equivalent bounty to anyone who supplies information that leads to the legal arrest of the hackers involved in the attempted hacking incident on Binance on March 7th, 2018.
The first person to supply substantial information and evidence that leads to the legal arrest of the hackers, in any jurisdiction, will receive the equivalent of $250,000 USD in BNB. The exchange rate will be determined at time of transfer.
Please supply detailed information to
bounty@binance.com as well as to your local law enforcement agencies.
If your local laws allow, you may remain anonymous.
If multiple sources/segments of data are used to lead to the final legal arrests, the bounty may be split between sources. Binance reserves all rights to split the bounty amount, solely at our discretion.
Furthermore, Binance has currently allocated the equivalent of $10,000,000 USD in crypto reserves for future bounty awards against any illegal hacking attempts on Binance. We have also invited other exchanges and crypto businesses to join our initiative. We welcome their participation at any time.
Protecting your funds is and has always been our highest priority!
We thank you for your support!
This is a really good move by Binance, isn't it? They don't just stop because the hack was unsuccessful, instead take further action so that the hackers will be arrested and punished. Though there's no assurance that they will get any information, taking initiative is a way better than doing nothing. Another impressive move by the Exchange imo. What do you think?
PS. I'm not sure if it's the right board to post this, please inform me if it's not suitable here. Thank you!
