🚀 Orderly Network Launches AI Agent Bounty Program With Google Cloud And Empyreal
#OrderlyNetwork #AIAgents #BountyProgram #GoogleCloud #Empyreal #DeFi #Web3 #TOKEN2049 #AutomatedTrading #Crypto #PerpetualContracts #DeveloperTools
According to PANews, Web3 liquidity layer Orderly Network has announced a collaboration with Google Cloud and Empyreal to launch a bounty program aimed at encouraging developers to build automated trading AI agents within the Orderly ecosystem. This initiative seeks to integrate AI with DeFi technology, positioning Orderly as the first platform to support on-chain derivatives trading through AI agents, leveraging the latest advancements in AI and Web3 technology for efficient and intelligent automated trading.
Details of the bounty program will be unveiled at the TOKEN2049 conference in Singapore on September 18-19, with the program commencing immediately after the event and running for several weeks. Participants who successfully deploy AI agents on Orderly will be eligible to share in the prize pool, with evaluation criteria including highest profitability and most innovative predictions. Orderly Network is utilizing Google Cloud technology to design developer tools that lower the entry barriers in the DeFi space. The focus is on developing off-chain components of DeFi infrastructure to address challenges related to self-custody and transparency. The program aims to attract Web2 developers, supporting and facilitating their transition to the Web3 domain.
AI agents are gaining traction in the crypto sector, primarily focusing on automating tasks and interacting with multiple data sources, enabling traders to formulate optimized strategies. They hold unique potential in the realm of perpetual contract trading, as this type of trading requires querying multiple data sources to make optimal trading decisions based on rapidly changing market conditions.#OrderlyNetwork #AIAgents #BountyProgram #GoogleCloud #Empyreal #DeFi #Web3 #TOKEN2049 #AutomatedTrading #Crypto #PerpetualContracts #DeveloperTools
🚀 Bybit CEO Vows to Recover Stolen Funds After Hack
#Bybit #CEO #BenZhou #RecoverFunds #Hack #BountyProgram #LawEnforcement #EthereumFoundation #Blockchain #CommunityDecision
According to PANews, Bybit CEO Ben Zhou has committed to recovering stolen funds following a recent hack. Zhou stated that the exchange will employ various strategies, including offering a bounty program for assistance in fund recovery, collaborating with law enforcement, and engaging with the Ethereum Foundation to explore potential solutions.
During a Spaces session on February 22, Zhou was asked about the possibility of rolling back the Ethereum blockchain to its state before the February 21 hack by the Lazarus Group. He responded, "I'm not sure if this is a decision for one person. In the spirit of blockchain, perhaps this should be a voting process to see what the community wants, but I'm not sure."#Bybit #CEO #BenZhou #RecoverFunds #Hack #BountyProgram #LawEnforcement #EthereumFoundation #Blockchain #CommunityDecision
🚀 Bybit Launches Initiative Against Lazarus Group Amidst Crypto Hack
#Bybit #LazarusGroup #CryptoHack #SecurityBreach #BountyProgram #CryptoSecurity #DigitalAssets #NorthKorea #CyberCrime #FundsRecovery
According to CoinDesk, cryptocurrency exchange Bybit has initiated a campaign against the notorious Lazarus Group following a significant security breach. The exchange has introduced a new website aimed at tracking the group's wallet addresses, encouraging public participation in the investigation. Bybit is offering a 5% reward for any submissions that lead to the freezing of funds.
Bybit's CEO, Ben Zhou, announced this "war against Lazarus" through a social media post, highlighting the launch of what he described as the first bounty site providing full transparency on the sanctioned group's money laundering activities. Zhou emphasized that users can connect their wallets to the website to assist in tracing the stolen funds. He assured that a bounty would be paid immediately once assets are frozen.
Zhou further stated that a dedicated team has been assigned to maintain and update the website, with a commitment to continue efforts until the Lazarus Group and other malicious actors are eradicated from the industry. He also mentioned plans to extend the platform's use to other victims of the Lazarus Group in the future.
Currently, the website is tracking 6,338 addresses linked to the Lazarus Group, with approximately $42.3 million already frozen, representing just over 3% of the stolen assets. The hack, which occurred on Friday, resulted in nearly $1.5 billion being stolen from Bybit, causing a significant impact on the crypto market and leading to a decline in digital asset prices. The attack, attributed to North Korea's Lazarus Group, has been labeled as the largest crypto theft to date.#Bybit #LazarusGroup #CryptoHack #SecurityBreach #BountyProgram #CryptoSecurity #DigitalAssets #NorthKorea #CyberCrime #FundsRecovery
🚀 KiloEx Addresses Security Breach and Initiates Recovery Efforts
#KiloEx #SecurityBreach #RecoveryEfforts #CryptoSecurity #HackingAttack #TreasuryCompromise #MaliciousActivities #BountyProgram #CommunityReport #AssetRecovery
According to PANews, KiloEx announced on the X platform that its treasury has been compromised, urging all partner agreements and platforms to blacklist the affected address to prevent further malicious activities. The vulnerability has been contained, and the team has immediately suspended platform operations while collaborating with security partners to trace the flow of funds. A bounty program will be launched, and the team is analyzing the attack vectors and impacted assets. KiloEx is working with ecosystem partners to track and recover the funds as much as possible. A comprehensive report is being prepared and will be shared with the community in the coming days.
Previously, it was reported that KiloEx suffered a hacking attack, with the total amount involved estimated at approximately $7 million.#KiloEx #SecurityBreach #RecoveryEfforts #CryptoSecurity #HackingAttack #TreasuryCompromise #MaliciousActivities #BountyProgram #CommunityReport #AssetRecovery