Bybit CEO: Hackers are converting stolen funds into Bitcoin through the Chainflip cross-chain bridge and will launch a bounty program targeting cross-chain bridges

ChainCatcher message, Bybit CEO Ben Zhou disclosed that hackers are converting stolen funds into Bitcoin through the Chainflip cross-chain bridge. Zhou published several suspicious transaction hashes and the hacker's Bitcoin receiving address, while calling on cross-chain bridge service providers to assist in stopping the fund transfer.

Zhou stated that Bybit will soon launch a bounty program to reward those who help track or stop the fund transfer and ultimately facilitate the recovery of the funds.