The Internet reported that recently, a Lazarus Group hack caused the Bybit exchange to lose more than US$1.4 billion in cryptocurrency. Bybit released a wallet application programming interface (API) blacklist on February 23. According to the announcement, the blacklist will assist white-hat hackers trying to recover funds as part of Bybit's bounty program and will be updated regularly to respond to emerging threats. Ben Zhou, CEO of Bybit, said: "I am very excited by the incredible friendship both online and in real life. If we handle it right, this will be a transformative moment for our industry. Together, we can build a more powerful defense system against cyber threats."