Bybit Strikes Back at Lazarus Group With Bounty Program to Freeze Stolen Crypto
Bybit has launched an aggressive campaign against the North Korean hacking collective Lazarus Group, unveiling a public tracking website and offering a 5% bounty for information leading to the freezing of stolen crypto funds.
CEO Ben Zhou announced the initiative in a social media post, calling it the “first fully transparent bounty program” targeting Lazarus’ laundering operations. The platform enables users to track and report suspicious wallet activity, with successful submissions resulting in instant payouts.
“We’ve assembled a dedicated team to update this site in real time,” Zhou stated. “This is just the beginning—we won’t stop until Lazarus and other bad actors are completely exposed and shut down. In the future, we’ll extend this program to help other victims as well.”
As of now, Bybit is monitoring 6,338 wallet addresses associated with Lazarus, with $42.3 million in stolen assets already frozen—just over 3% of the estimated total.
The move follows last week’s record-breaking $1.5 billion hack on Bybit, later attributed to Lazarus. The attack sent shockwaves through the crypto industry, with analysts calling it “the largest crypto heist to date.”
Bybit’s proactive approach signals a shift in the industry’s response to cybercrime, using collective intelligence and blockchain transparency to fight back against illicit activity.
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