Get 125% / $2,500 on 1st deposit!
New players only. Exclusive Welcome Bonus of up to $2,500
Bybit, the second-largest cryptocurrency exchange by trading volume, has introduced LazarusBounty.com, a new platform designed to track and disrupt illicit activity in the crypto space. The initiative focuses on exposing cybercriminals, holding hackers accountable, and securing digital assets through a structured and transparent approach. It comes in response of the recent $1.4 billion hack, after which the exchange has offered a hefty bounty of $140 million if the amount would be retrieved.
Bybit believes that real-time transparency is essential in the fight against cybercrime. LazarusBounty.com ensures that all actions and transactions are visible, allowing investigators and the community to trace illicit activities more effectively.
The platform consolidates security data from major blockchain analysis firms, including Chainalysis, Arkham, and GoPlus. By integrating these resources into a real-time security database, LazarusBounty.com provides investigators with the tools needed to track and expose illicit transactions.
When large-scale breaches occur, the platform activates a team of blockchain analysts, including well-known figures like ZachXBT and SlowMist founder Yu Xian. These experts work quickly to uncover those responsible and trace stolen funds.
Bybit has formed a decentralized network of chief security officers from major public blockchains. This advisory group strengthens collaboration across the industry, ensuring a coordinated response to cyber threats.
Contributors who provide useful evidence in recovering stolen funds are ranked on a leaderboard. Verified information is logged, and rewards are distributed based on effectiveness. The system incentivizes active participation in dismantling criminal operations.
Fast-Tracked Remedial Measures
LazarusBounty.com also includes an automated notification system that alerts platforms when illicit funds are detected. By triggering immediate responses, such as freezing or blocking assets, the system removes delays that often hinder fund recovery efforts.
Bybit’s Co-founder and CEO, Ben Zhou, emphasized the importance of accountability in blockchain security. “In today’s blockchain landscape, transparency isn’t just a principle—it’s our most potent weapon against cybercrime. With LazarusBounty.com, we are taking a stand to ensure that every transaction is visible and every hacker is held accountable. Our multifive-pronged offensive is a clear message: if you steal, you will be found, and justice will be swift,” said Zhou.
A Stand Against Cybercrime
Bybit is making it clear that stolen funds will not be left unchallenged. LazarusBounty.com is a direct warning to cybercriminals that any attempt to exploit the blockchain will be met with rapid and coordinated action. The platform marks a shift in industry standards, pushing for greater security and collective vigilance across the crypto community.