The Binance Cryptocurrency Exchange offers an equivalent bonus of $ 250,000 to the arrest of pirates involved in the March 7 incident, announced Binance on March 11. ]

According to the announcement, the first person to provide the information that results in a lawful arrest, in any jurisdiction, will receive the bonus in Binance Coin (BNB), which is negotiated and used on the Binance stock exchange. If there are several sources of information that lead to the final arrests, the premium can be divided among the sources.

In the statement, Binance insists on the importance of a concerted effort to combat crime and unethical behavior. :

"To ensure a secure crypto community, we can not just play defense.We must actively prevent piracy cases before they happen, as well as follow up after the Even though the hacking attempt against Binance on March 7 was unsuccessful, it was clear that it was a large-scale organized effort and this must be resolved.

In addition to the current premium, Binance has allocated $ 10 million in cryptography reserves for future premium bonuses against any hacking attempt on Binance. According to Binance's statement, the exchange has also invited other stock exchanges around the world to follow suit. " Protecting your funds is and has always been our highest priority! ", he adds.

Users alert Binance of the security breach after observing irregular and unauthorized behaviors in their accounts. The exact method used by hackers remains unclear, although some users have argued that a possible compromise of API keys from users could explain how hackers have avoided Binance's two-factor authentication system. Binance resumed trading activities the next day, March 8.