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Saturday, August 8, 2026

Bybit Declares ‘War on Lazarus’ as it Crowdsources Effort to Freeze Stolen Funds

by marketdash
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Hacked cryptocurrency exchange Bybit has declared a “war against Lazarus” and launched a new website tracking the group’s wallet addresses, hoping to crowdsource the investigative efforts. In return for submissions that lead to frozen funds, the exchange is offering 5% of what gets frozen.

The declaration of “war” came from Bybit’s CEO, Ben Zhou, in a social media post in which he noted the firm was launching the first “first bounty site that shows aggregated full transparency on the sanctioned Lazarus money laundering activities.”

Read more: North Korean Hackers Were Behind Crypto’s Largest ‘Theft of All Time’

Zhou wrote that users can connect their wallets to the newly launched website to help trace the stolen funds, adding that when a submission leads to funds getting frozen, a “bounty is paid upfront” as soon as assets are frozen.

“We have assigned a team to dedicate to maintain and update this website, we will…



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