One of the world’s main cryptocurrency exchanges is going on any offensive to deter coughing attempts that have overwhelmed the industry.

Binance, founded simply by Zhao Changpeng, is offering the equivalent of $250,A thousand (paid in cryptocurrency) for information that leads towards arrest of online criminals who targeted the particular venue last week, it said in a statement on Thursday. The exchange includes set aside $10 million to get future bounties and is stimulating other platforms to complete the same, it claimed.

Binance disclosed last week not wearing running shoes had been the target of a “large-scale phishing together with stealing attempt.In . While the exchange stated, “all funds are safe,Inch Binance noted that it was struggling to reverse some transactions from accounts targeted by the hackers.

As selling prices of digital belongings have soared, any platforms that buy and sell them have become progressively juicy targets to get cyber thieves. Cyber-terrorist stole tokens value about $700 million via venues in Japan and Italy since the begin this year. The break-ins have added stress on both exchanges and regulators to do more to protect investors.