Bybit Launches LazarusBounty.com to Combat Crypto Crime – BitRss

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced the launch of LazarusBounty.com, a pioneering platform aimed at tackling crypto crime. This initiative represents a comprehensive, four-pronged strategy designed to expose illicit activities, hold cybercriminals accountable, and secure digital assets efficiently.

Information Transparency at the Core

Central to LazarusBounty.com is the principle of complete, real-time transparency. Bybit believes that making every action visible and every transaction traceable empowers the community and strengthens the fight against cybercrime. This approach positions transparency as a powerful tool against hackers.

The platform consolidates data from leading blockchain security databases, including Chainalysis, Arkham, and GoPlus, into a comprehensive, real-time security wiki. This integration provides investigators and the community with essential insights to counter illicit transactions.

Mobilizing Expert Investigations

In the event of a significant breach, LazarusBounty.com activates a panel of elite blockchain detectives, such as ZachXBT and Yu Xian (C), founder of SlowMist, to conduct immediate investigations. This expert-driven approach is a call to action for those dedicated to unmasking cybercriminals.

Additionally, Bybit has formed a Decentralized Security Alliance Council, enlisting chief security officers from major public chains as advisors. This network reinforces the company’s commitment to transparency and accountability across the blockchain ecosystem.

Rewarding Contributions to Cybersecurity

The platform features a Hack Leaderboard that tracks contributions and allocates rewards based on the effectiveness of each input in recovering stolen funds. Verified evidence is logged, highlighting the efforts of bounty hunters actively dismantling criminal operations.

LazarusBounty.com also includes an automated notification system that triggers immediate remedial measures once illicit funds are traced. This system alerts relevant platforms to freeze or block assets, eliminating delays associated with manual intervention.

Ben Zhou, Co-founder and CEO of Bybit, emphasized the importance of transparency in combating cybercrime. “In today’s blockchain landscape, transparency isn’t just a principle—it’s our most potent weapon against cybercrime,” Zhou stated. “With LazarusBounty.com, we are taking a stand to ensure that every transaction is visible and every hacker is held accountable.”

The launch of LazarusBounty.com underscores Bybit’s proactive stance against cybercrime, setting a new industry standard by challenging cybercriminals and securing the ecosystem.

Why This Matters: Impact, Industry Trends & Expert Insights

Bybit has launched LazarusBounty.com, a platform designed to combat crypto crime through transparency and expert investigations, reflecting a strategic move to enhance security in the cryptocurrency ecosystem.

In 2025, crypto crime prevention trends emphasize regulatory coordination and technological advancements. Recent industry reports indicate a focus on using blockchain intelligence to monitor and disrupt illicit activities. This aligns with Bybit’s launch of LazarusBounty.com, which integrates blockchain security data to expose and counteract crypto crimes.

A CryptoSlate report highlights that Bybit’s initiative mobilizes blockchain forensic specialists to trace stolen funds, emphasizing transparency as a tool against cybercrime. This supports Bybit’s commitment to holding cybercriminals accountable and securing the blockchain ecosystem.

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