Bybit Takes Aim at Crypto Crime with Launch of Industry-first LazarusBounty.com Platform
DUBAI, UAE, Feb. 26, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency change by buying and selling quantity, right this moment introduced the launch of LazarusBounty.com, an industry-first bounty platform that represents a decisive, four-pronged offensive towards crypto crime. Underpinned by the agency perception that info transparency is essential, LazarusBounty.com is designed to show illicit exercise, maintain hackers accountable, and safe digital belongings with unparalleled pace and precision.
Data Transparency on the Coronary heart of 4-pronged Final Protection
On the core of LazarusBounty.com is the conviction that full, real-time transparency empowers the neighborhood and transforms the struggle towards cybercrime. By making each motion seen and each transaction traceable, Bybit ensures that the reality is probably the most highly effective weapon towards hackers.
1. Powered by Complete On-Chain Safety Knowledge
LazarusBounty.com consolidates premier blockchain safety databases—together with assets from Chainalysis, Arkham, GoPlus, and different high safety corporations—right into a definitive, real-time safety wiki. This sturdy integration empowers investigators and the broader neighborhood with crucial insights wanted to show and counter illicit transactions.
2. Fast Activation of Panel of Knowledgeable Investigations
When a large-scale breach is reported, LazarusBounty.com mobilizes elite blockchain detectives — similar to ZachXBT and Yu Xian (C), founding father of SlowMist — to provoke instant, rigorous investigations. This expert-driven method serves as a name for these devoted to unmasking cybercriminals.to arms for these devoted to unmasking cybercriminals.
3. Decentralized Safety Alliance Council on Hand to Seek the advice of
Bybit has enlisted chief safety officers from main public chains to function advisors, forming a formidable, decentralized community that stands united towards cybercrime. This alliance reinforces the corporate’s dedication to transparency and accountability throughout the blockchain ecosystem.
4. Advantage-Based mostly Bounty Reward Leaderboard
The platform’s Hack Leaderboard meticulously tracks contributions and allocates rewards based mostly on the effectiveness of every enter in recovering stolen funds. Each verified piece of proof is logged, spotlighting the bounty hunters actively dismantling legal operations whereas exposing those that stand by with out contributing.
LazarusBounty.com may also be outfitted with an automatic notification system that triggers instant remedial measures as soon as illicit funds are traced to their endpoints. By immediately alerting related platforms to freeze or block these belongings, the system eliminates the delays related to guide intervention—guaranteeing that each second counts within the struggle towards cybercrime.
Ben Zhou, Co-founder and CEO of Bybit, hopes to ship a transparent message. “In right this moment’s blockchain panorama, transparency isn’t only a precept—it’s our most potent weapon towards cybercrime. With LazarusBounty.com, we’re taking a stand to make sure that each transaction is seen and each hacker is held accountable. Our multifive-pronged offensive is a transparent message: for those who steal, you’ll be discovered, and justice might be swift,” stated Zhou.
A Proactive Stance In opposition to Cybercrime
The launch of LazarusBounty.com sends a transparent, unyielding message: stolen funds won’t be tolerated for unlawful use. This platform serves as a direct problem to cybercriminals—a warning that any try to take advantage of the blockchain for illicit functions might be met with relentless, coordinated motion. With this five-pronged offensive, Bybit not solely challenges cybercriminals but in addition units a brand new {industry} commonplace. Moderately than ready for issues to escalate, Bybit is taking the lead in securing the ecosystem and calls on each vigilant neighborhood member to assist this mission.
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About Bybit
Bybit is the world’s second-largest cryptocurrency change by buying and selling quantity, serving a world neighborhood of over 60 million customers. Based in 2018, Bybit is redefining openness within the decentralized world by creating a less complicated, open and equal ecosystem for everybody. With a powerful deal with Web3, Bybit companions strategically with main blockchain protocols to offer sturdy infrastructure and drive on-chain innovation. Famend for its safe custody, numerous marketplaces, intuitive person expertise, and superior blockchain instruments, Bybit bridges the hole between TradFi and DeFi, empowering builders, creators, and fans to unlock the complete potential of Web3. Uncover the way forward for decentralized finance at Bybit.com.
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