February 25, 2025
Bybit Declares 'War On Lazarus' As It CrowdSources Effort to Freeze Stolen Funds thumbnail
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Bybit Declares ‘War On Lazarus’ As It CrowdSources Effort to Freeze Stolen Funds

The Exchange is Offering A 5% Bounty for Submissions That Could Could Lead To Stolen Funds Being Frozen.”, – WRITE: www.coindesk.com

The Exchange is Offering A 5% Bounty for Submissions That Could Could Lead To Stolen Funds Being Frozen.Updated Feb 25, 2025, 6:25 PM UTCPUBLISHED FEB 25, 2025, 5:42 PM UTC

Hacked Cryptocurrency Exchange Bybit Has Decklared A “War Against Lazarus” and Launched a New Website Tracing The Group’s Wallet Addresses, Hoping to CrowdSource. In Return for Submissions that Lead to Frozen Funds, The Exchange Is Offering 5% of What Gets Frozen.

The Declaration of “War” Came from Bybit’s Ceo, Ben Zhou, In a Social Media Post in Wich He Noted The Firm Was Launcing the Firchst “FIRST Bounty Site theater Shows Aggregated Full -TRANSED FIRM Money Laundering Activities. ”

Read More: North Korean Hackers Were Begind Crypto’s Largest ‘Theft of All Time’

Zhou wrote that users can connect their wallets to the Newly launched Website to Help Trace The Stolen Funds, Adding That Wen A Submission Leads To Funds Getting Frozen are frozen.

“We have assigned a team to dedicate to MainTain and update this website, we will not STOP UNTIL Lazarus or Bad Actors in the Industry is eliminated. In the Future We Will Open It Up to Other Victims of Lazarus as Well, “Zhou Added.

Currently, 6.338 Addresses Tied to the Lazarus Group Are Being Trained on the Website, and AROUND $ 42.3 Million Have Already Been Frozen, Corresponing to Just.

On Friday, The Nearly $ 1.5 Billion Hack of Crypto Exchange Bybit Roked The Crypto Market and Saw Mist Digital Asset Prices Tumbling. It Was Later Reported That North Korea’s Lazarus Group Was Behind The Attack, WHICH WAS DEED “The Largest Crypto of All Time, by Some Margin.”
Read More: Bybit Loses $ 1.5b in Hack But Can Cover Loss, CEO Confirms

Francisco RodriguesFrancisco is a reporter for coindesk with a passion for Cryptocurrencies and Personal Finance. Before joining coindesk he worked at Major Financial and Crypto Publications. He OWNS BITCOIN, Ether, Solana, and Paxg Above Coindesk’s $ 1,000 Disclosure Thrasld.

Francisco Rodrigues

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