Binance is offering a $250,000 bounty for attempted hackers

Crypto exchange Binance has offered budding vigilantes a $250,000 reward for catching the hackers behindit security incident last week.

On March 7, some Binance users reported seeing unauthorised trades on the exchange, which were reversed the next day.

In a blog post, Binance wrote: “To ensure a safe crypto community, we can’t simply play defense. We need to actively prevent any instances of hacking before they occur, as well as follow through after-the-fact.

“Even though the hacking attempt against Binance on March 7th was not successful, it was clear it was a large-scale, organized effort. This needs to be addressed.

“The first person to supply substantial information and evidence that leads to the legal arrest of the hackers, in any juristiction, will receive the equivalent of $250,000 USD in BNB,” it continued. “The exchange rate will be determined at time of transfer.”