<p>Odaily News Cryptocurrency exchange Bybit has announced the launch of a new API to update the blacklist of identified suspicious wallet addresses. The API will help various project owners and security experts track and recover stolen funds more efficiently under time pressure. This list of suspicious addresses was compiled by industry white hat hackers and investigators within three days of the hack, and Bybit has received thousands of clues from industry colleagues so far.<br/> With the joint efforts of internal and external security teams, the elite investigation team confirmed a number of malicious wallet addresses. This collaborative initiative will greatly improve the efficiency of security response and strengthen the security of the entire crypto network. Bybit will continue to update the blacklist to ensure that cybersecurity experts and partners can effectively intercept illegal activities. For contributors who successfully intercept and recover funds, Bybit will provide a 10% bounty reward.<br/> Bybit is developing the HackBounty platform and will release an announcement at the appropriate time. This platform aims to empower the entire industry to jointly track the actions of hackers and encourage all security experts to continue to pay attention to the latest progress of this innovative program. Bybit will also continue to update the blacklist to help partners intercept illegal fund flows, and contributors who successfully recover funds will receive a 10% bounty reward.<br/> This action has led to a historic and comprehensive cooperation in the crypto industry, forming an industry-wide Crypto&#39;s Defense Alliance. Bybit has announced a list of individuals, institutions and teams that have contributed to this emergency action, and the list is still being updated. This includes but is not limited to the following partners and peers:<br/> Mandiant, Verichain, and Sygnia.co provided critical forensic analysis to reveal the truth behind this hack.<br/> ZeroShadow has launched a 24/7/365 global emergency response team to assist in tracking malicious actors, fund flows, and communicate with law enforcement agencies to support investigations and recover stolen assets.<br/> Chainalysis, Elliptic, TRM, Goplus, SEAL 911, and ZachXBT quickly marked on-chain addresses associated with the attack, limiting the hacker’s ability to launder stolen assets.<br/> SlowMist, BlockSec, and BEOSIN provide professional security consulting and threat analysis.<br/> VerifyVASP, AML Bot, and CryptoForensic contribute key compliance and risk assessment solutions to enhance overall security response capabilities.<br/> Binance, Coinbase, Bitget, Polygon, Arbitrum, Optimism, Wormhole, Synapse, Connext, Chainflip, Across.to, Symbiosis.finance, AVAX, ChangeNow, fixedfloat, and cBridge provide cross-chain security measures to help block the flow of hacker funds.<br/></p>