Binance, the second-largest digital currency exchange by trading volume, has set a reward of $140 million to assist in identifying and recovering the largest crypto theft in history. The exchange has announced that it will donate 10% of the recovered funds to cybersecurity experts and blockchain analysts involved in tracking and returning the stolen assets. Reports indicate that the hack resulted in the theft of over $1.4 billion in Ethereum. Initial investigations suggest that the Lazarus group, affiliated with North Korea, is behind this attack. According to Zek’s BT, hackers managed to move the exchange’s assets through four stages by manipulating Binance’s multi-signature wallet interface. Binance CEO, Ben Zhou, has emphasized the exchange’s commitment to enhancing security and collaborating with the industry to combat such attacks.
