DeFi Daily News
Wednesday, July 30, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Cryptocurrency Altcoins

rewrite this title Bybit’s LazarusBounty.com Takes Aim at North Korean Hackers After $1.5B Record Breach

Jared Kirui by Jared Kirui
February 25, 2025
in Altcoins
0 0
0
rewrite this title Bybit’s LazarusBounty.com Takes Aim at North Korean Hackers After .5B Record Breach
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1000 words and keep HTML tags

Following a major security breach that cost Bybit an
estimated $1.5 billion in losses, the crypto exchange is taking matters into
its own hands. Today (Tuesday), the exchange launched
LazarusBounty.com, an industry-first bounty platform designed to expose
hackers, recover stolen funds, and increase transparency in blockchain
security.

The Lazarus Group is a North Korean suspected
state-sponsored cyber threat organization that has been active since at least 2009 and is reportedly attributed to the Reconnaissance General Bureau, an affiliate of the country’s
military.

Harnessing Blockchain Intelligence

“Join us on war against Lazarus (lazarusbounty.com), the Industry’s first bounty site that shows aggregated full transparency on the sanctioned Lazarus money laundering activities,” Ben Zhou, Bybit’s CEO, commented on X. “V1 includes:
– Becoming a bounty hunter by connecting your wallet and help tracing the fund, when your submitted bounty leads to freeze, bounty is paid upfront upon instantly at freezing.”

Join us on war against Lazarus – https://t.co/6DnaH1WTId Industry first bounty site that shows aggregated full transparency on the sanctioned Lazarus money laundering activities. V1 includes: – Becoming a bounty hunter by connecting your wallet and help tracing the fund, when…

— Ben Zhou (@benbybit) February 25, 2025

Bybit’s new approach combines expert investigations,
real-time blockchain analysis, and community-driven reporting to fight illicit
activities effectively, the exchange announced.

The platform consolidates security intelligence from
top blockchain security firms, deploys expert investigators, and enables a
merit-based reward system for individuals who contribute to tracking and
freezing stolen assets.

LazarusBounty.com reportedly integrates security data
from leading blockchain analytics firms such as Chainalysis, Arkham, and
GoPlus. By creating a central hub of security information,
Bybit aims to enable the crypto community to take proactive action against
cyber threats. Rapid Response from

The announcement mentioned that when major breaches occur, LazarusBounty.com immediately activates a panel of elite blockchain detectives, including ZachXBT and SlowMist founder Yu Xian.

The security breach has contributed to a decline in
the price of most digital assets. At the time of publication, Bitcoin traded at
$87,035, representing a 7% decline in the past day, according to CoinMarketCap
data.

LazarusBounty.com’s Features

To strengthen its fight against cybercriminals, Bybit
has established a Decentralized Security Alliance Council. Composed of chief
security officers from major blockchain networks, this advisory group plays a
crucial role in shaping policies, responding to security incidents, and
ensuring accountability across the crypto space.

Bybit’s platform doesn’t just track criminals, it
rewards those who help catch them. LazarusBounty.com features a bounty reward
leaderboard, where contributors who successfully trace illicit funds receive
recognition and compensation.

The total bounty stands at $140 million, with 10% of
recovered assets distributed as follows: 5% awarded to the entity that
successfully freezes the stolen funds. 5% allocated to individuals who help
trace the funds.

One of the new platform’s key features is an automated
notification system that alerts exchanges and platforms when stolen funds reach
a traceable endpoint.

This article was written by Jared Kirui at www.financemagnates.com. and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: 1.5BAimBreachBybitsHackersKoreanLazarusBounty.comNorthRecordrewritetakestitle
ShareTweetShare
Previous Post

FULL: White House press briefing with Karoline Leavitt

Next Post

Home Depot issues conservative outlook, ‘sets low bar’: Analyst

Next Post
Home Depot issues conservative outlook, ‘sets low bar’: Analyst

Home Depot issues conservative outlook, 'sets low bar': Analyst

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
Bitcoin Miners Selling Bitcoin to Stay Solvent Amid Volatility in Price – Decrypt

Bitcoin Miners Selling Bitcoin to Stay Solvent Amid Volatility in Price – Decrypt

August 13, 2024
rewrite this title and make it good for SEO 7 Strategies to Maximize NFT Airdrop Rewards

rewrite this title and make it good for SEO 7 Strategies to Maximize NFT Airdrop Rewards

January 15, 2025
Spanish Police Dramatically Stop Illegal Immigrants by Cutting Their Boat in Half

Spanish Police Dramatically Stop Illegal Immigrants by Cutting Their Boat in Half

August 29, 2024
rewrite this title RTX 5050, 5060, 5060 Ti spotted in records

rewrite this title RTX 5050, 5060, 5060 Ti spotted in records

February 18, 2025
Tottenham Express Interest in Buying English Star as Club Considers Selling Him

Tottenham Express Interest in Buying English Star as Club Considers Selling Him

September 28, 2024
IT STARTED: US Bombs Iran and CRASHES Bitcoin… What’s NEXT?

IT STARTED: US Bombs Iran and CRASHES Bitcoin… What’s NEXT?

June 22, 2025
rewrite this title Ethereum Price Could Rise To ,000 This Cycle, Eyes Breakout Against Bitcoin

rewrite this title Ethereum Price Could Rise To $9,000 This Cycle, Eyes Breakout Against Bitcoin

July 30, 2025
rewrite this title Chelsea are now “close” to signing a talent who’s as big as Estevao

rewrite this title Chelsea are now “close” to signing a talent who’s as big as Estevao

July 30, 2025
rewrite this title Kraken Eyes 0M Fundraise at B Valuation Ahead of Potential IPO: Report – Decrypt

rewrite this title Kraken Eyes $500M Fundraise at $15B Valuation Ahead of Potential IPO: Report – Decrypt

July 30, 2025
rewrite this title AI Is Coming to Your Headphones: OpenAI and Bragi Join Forces!

rewrite this title AI Is Coming to Your Headphones: OpenAI and Bragi Join Forces!

July 30, 2025
rewrite this title and make it good for SEO5 essential steps to starting your own cannabis business

rewrite this title and make it good for SEO5 essential steps to starting your own cannabis business

July 30, 2025
rewrite this title Own MS Office Home 2024 for life and save

rewrite this title Own MS Office Home 2024 for life and save $20

July 30, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.