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Bybit Crowdsources Effort to Freeze Funds

Bybit Launches Bounty Website to Combat Lazarus Group

  • Bybit was hacked for nearly $1.5 billion, impacting the crypto market.
  • The Lazarus Group from North Korea is identified as the attacker.
  • Bybit’s new website tracks 6,338 wallet addresses linked to Lazarus.
  • Around $42.3 million, over 3% of stolen assets, have been frozen.
  • Participants receive a 5% bounty for submissions leading to frozen funds.

After a significant hack by the Lazarus Group, Bybit launched a website to track stolen funds and has already frozen about $42.3 million in assets linked to the group.

Source (2.6)https://www.coindesk.com/markets/2025/02/25/bybit-declares-war-on-lazarus-as-it-crowdsources-effort-to-freeze-stolen-funds?rand=52298
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