In response to the Lazarus Group hack, Bybit has launched a bounty program, offering up to 10% of recovered funds to those who help trace stolen crypto The reward is 10% of the recovered funds, which could amount to $1.5 billion. This bold move demonstrates the industry’s readiness to fight cybercrime.
What Is Bybit’s Lazarus Hack Bounty Program?
Bybit’s new bounty program is designed to incentivize individuals to help recover stolen funds. The platform is offering up to 10% of the recovered assets as a reward for valuable information that leads to successful fund recovery.
Unlike traditional bug bounty programs, which focus on finding security vulnerabilities, this initiative is aimed at tracking down stolen funds and identifying those responsible.
How to Participate in the Bybit Bounty Program for Lazarus Hack
If you have information about the stolen funds, follow these steps to join the bounty program and claim your reward:
- Visit the official bounty website: LazarusBounty.com and create an account.
- Submit relevant tips, leads, or evidence that could help identify, track, or recover stolen funds.
- If your information leads to a successful fund recovery, you’ll receive up to 10% of the retrieved amount.
The bounty is open to security experts, white-hat hackers, blockchain analysts, and anyone with relevant knowledge that could help track down the stolen funds.
Why Is This Program Important?
- This is a unique initiative: Few cryptocurrency exchanges have offered such substantial rewards for recovering stolen funds.
- It encourages community involvement: Bybit is turning to the crypto community for help rather than relying solely on law enforcement.
- It sets a precedent for the industry: Other exchanges may follow suit,leading to better security and more accountability.
A Step Towards a Safer Crypto Space
Bybit’s Lazarus Hack Bounty Program is a groundbreaking approach to handling crypto security breaches. Not only does it help recover lost funds, but it also involves the global community in strengthening crypto security.
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Last updated: February 27, 2025
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