Bybit Takes Goal at Crypto Crime with Launch of Business-first LazarusBounty.com Platform
DUBAI, UAE, Feb. 26, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency trade by buying and selling quantity, at the 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 reveal illicit exercise, maintain hackers accountable, and safe digital belongings with unparalleled velocity and precision.
Info 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 group and transforms the combat 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 sources from Chainalysis, Arkham, GoPlus, and different prime safety firms—right into a definitive, real-time safety wiki. This sturdy integration empowers investigators and the broader group with essential insights wanted to reveal and counter illicit transactions.
2. Rapid Activation of Panel of Knowledgeable Investigations
When a large-scale breach is reported, LazarusBounty.com mobilizes elite blockchain detectives — corresponding to ZachXBT and Yu Xian (C), founding father of SlowMist — to provoke speedy, rigorous investigations. This expert-driven strategy 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. Benefit-Primarily based 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 prison operations whereas exposing those that stand by with out contributing.
LazarusBounty.com may even be outfitted with an automatic notification system that triggers speedy 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 handbook intervention—making certain that each second counts within the combat towards cybercrime.
Ben Zhou, Co-founder and CEO of Bybit, hopes to ship a transparent message. “In at the moment’s blockchain panorama, transparency is not only a precept—it is 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: when you steal, you can be discovered, and justice can be swift,” mentioned Zhou.
A Proactive Stance In opposition to Cybercrime
The launch of LazarusBounty.com sends a transparent, unyielding message: stolen funds is not going to be tolerated for unlawful use. This platform serves as a direct problem to cybercriminals—a warning that any try to use the blockchain for illicit functions can be met with relentless, coordinated motion. With this five-pronged offensive, Bybit not solely challenges cybercriminals but additionally 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 group member to help this mission.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency trade by buying and selling quantity, serving a worldwide group 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 supply sturdy infrastructure and drive on-chain innovation. Famend for its safe custody, various marketplaces, intuitive person expertise, and superior blockchain instruments, Bybit bridges the hole between TradFi and DeFi, empowering builders, creators, and lovers to unlock the total potential of Web3. Uncover the way forward for decentralized finance at Bybit.com.
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Disclaimer: This can be a sponsored press launch and is for informational functions solely. It doesn’t mirror the views of Crypto Every day, neither is it supposed for use as authorized, tax, funding, or monetary recommendation.
