Bybit supports Ethereum’s first Attackathon with a pledge of 75 ETH

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Bybit, the world’s second largest cryptocurrency exchange by trading volume, has announced its sponsorship of Ethereum’s first “Attackathon” with a contribution of 75 ETH. The global audit contest and hackathon, organized by Immunefi and the Ethereum Foundation, aims to enhance the security of the Ethereum protocol.

“At Bybit, we believe in the power of community and innovation to drive the future of blockchain technology. Our sponsorship of the Ethereum Attackathon aligns with our mission to support the security and sustainability of ecosystems vital to the global crypto community,” said Ben Zhou, co-founder and CEO of Bybit.

The eight-week Attackathon event is expected to raise more than $2 million for its reward pool, including the Ethereum Foundation’s $500,000 initial seed. Bybit’s contribution is the largest to date for this initiative.

In addition to sponsoring the Attackathon, Bybit has expanded its World Series of Trading (WSOT) 2024 prize pool to $10 million. This year’s WSOT includes both decentralized and centralized exchange transactions for the first time.

Bybit’s involvement in these initiatives reflects its ongoing commitment to promoting innovation and security in the crypto space, following its 2023 sponsorship of the Dubai Multi Commodity Centre’s efforts to support crypto startups.

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