Hong Kong-based cryptocurrency exchange offers US$250,000 bounty for hacker tip-offs

S.China Morning Post Monday, 12 March 2018 ()
One of the world’s biggest cryptocurrency exchanges is going on the offensive to deter hacking attempts that have plagued the industry. Hong Kong-based Binance, founded by Zhao Changpeng, is offering a the equivalent of a US$250,000 bounty – paid in cryptocurrency – for information that leads to the arrest of hackers who targeted the venue last week, it said in a statement on Sunday. The exchange has set aside US$10 million for future bounties and is encouraging other...
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News video: Bitcoin Continues to Dive Amid Uncertainty

▶ Bitcoin Continues to Dive Amid Uncertainty 00:52

Bitcoin continues to slip for a second day. The cryptocurrency is down 16-percent since March 6th due to malicious activity on a popular exchange, and another warning from the Securities and Exchange Commission. Elsewhere, Japanese regulators suspended to cryptocurrency exchanges, while a failed...