Bybit, the world’s second-largest crypto alternate by buying and selling quantity, has introduced its sponsorship of Ethereum’s first-ever “Attackathon” with a 75 ETH contribution. The worldwide audit contest and hackathon, organized by Immunefi and the Ethereum Basis, goals to boost the safety of the Ethereum protocol.
“At Bybit, we imagine within the energy of neighborhood and innovation to drive the way forward for blockchain expertise. Our sponsorship of the Ethereum Attackathon aligns with our mission to help the safety and sustainability of the ecosystems important to the worldwide crypto neighborhood,” Ben Zhou, co-founder and CEO of Bybit, said.
The eight-week Attackathon occasion is predicted to lift over $2 million USD for its reward pool, together with the Ethereum Basis’s preliminary $500,000 USD seed. Bybit’s contribution marks the most important thus far for this initiative.
Along with the Attackathon sponsorship, Bybit has expanded its World Sequence of Buying and selling (WSOT) 2024 prize pool to $10 million. This 12 months’s WSOT consists of each decentralized and centralized alternate buying and selling for the primary time.
Bybit’s involvement in these initiatives displays its ongoing dedication to fostering innovation and safety within the crypto area, following its 2023 sponsorship of the Dubai Multi Commodity Centre’s efforts to help crypto startups.