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Lazarusbounty.com: A Community-Driven Approach to Crypto Fund Recovery
Bybit has launched Lazarusbounty.com, an innovative bounty platform aimed at tracking and recovering funds stolen by the notorious Lazarus Group. This initiative isn’t just about Bybit’s recent $1.46 billion security breach—it’s a call to action for the entire crypto community.
How Lazarusbounty.com Works
The platform offers a 10% bounty on recovered funds, split into 5% for tracing and 5% for freezing assets. This creates a strong incentive for crypto enthusiasts, security experts, and blockchain detectives to participate.
Here’s how users can contribute:
1. Connect their crypto wallets to monitor and track suspicious transactions.
2. Submit detailed reports containing on-chain data and transaction details.
To keep things engaging, Lazarusbounty.com includes:
• A Hack Leaderboard to recognize top contributors.
• Automated notifications to quickly alert exchanges and platforms when illicit assets are detected.
This effort is powered by top-tier blockchain security firms like Chainalysis, Arkham, and GoPlus, alongside elite investigators like ZachXBT and Yu Xian (SlowMist). Additionally, a decentralized security alliance of chief security officers from major public blockchains lends credibility to the platform’s mission.
More Than Just Bybit: The Bigger Picture
What makes Lazarusbounty.com truly interesting is its broader scope. While it was launched in response to Bybit’s hack, the platform extends its resources to help other victims of Lazarus Group attacks.
By providing a centralized hub for tracing and freezing stolen funds, Lazarusbounty.com fosters a collaborative effort against cybercrime—a first-of-its-kind approach in the crypto space.
Behind the Launch: A Rapid Response
Bybit moved fast after the February 21, 2025, attack on its Ethereum multisig cold wallet. The company registered Lazarusbounty.com just three days later (February 24, 2025), showing a proactive strategy to recover stolen funds.
Key Numbers Behind the Attack:
• Hack date: February 21, 2025
• ETH stolen: 401,000 ETH
• ETH price at the time: ~$3,640
• Total loss estimate: $1.46 billion – $1.5 billion
Bybit’s approach reflects a shift in how crypto exchanges handle security breaches—moving beyond damage control to actively engaging the community in fund recovery.
How to Get Involved
For those looking to participate, Lazarusbounty.com offers two primary options:
1. Connect Your Wallet: Monitor suspicious transactions and flag them.
2. Submit a Report: Provide transaction details, on-chain evidence, and supporting documents.
Key Participation Details:
| Feature | Details |
| Bounty Amount | 10% of recovered funds (5% tracing + 5% freezing) |
| Total Bounty Pool | $146 million (based on $1.46B stolen) |
| Review Time | Submissions reviewed within 48 hours |
| Security Partners | Chainalysis, Arkham, GoPlus |
| Expert Investigators | ZachXBT, Yu Xian (SlowMist) |
For those submitting reports, accuracy and detail matter. The platform requests:
• Destination wallet address
• Token amount and name
• Transaction hash
• Any supporting documents
The Lazarusbounty.com team reviews submissions within 48 hours, and rewards are only paid once funds are successfully frozen.
A New Era in Crypto Security?
Lazarusbounty.com isn’t just another post-hack damage control effort—it’s a potential game-changer in crypto security.
By combining decentralized intelligence gathering, financial incentives, and expert oversight, this model could reshape how the industry combats cyber threats. With the growing sophistication of groups like Lazarus, community-driven security solutions like this might just be the future of crypto crime prevention.
For more details, check out Lazarusbounty.com and see how you can contribute to the fight against crypto crime.
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