Bybit Crypto Exchange launched a new website to start a war against the North Korean Piracy Group Lazarus.
Summary
- Bybit Crypto Exchange launched a new LazarusBounty.com website.
- Bybit Exchange collaborated with a upper cryptographic intelligence firm to trace the illegal cryptography transactions of the Piracy Group of Lázaro.
- Mirana Ventures deposited $ 600m $ ETH on the Bybit platform in the last 3 days.
Five days ago, Bybit, one of the main cryptographic exchanges, faced a pirated incident and lost $ 1.46 billion in Ethereum currency ($ eth). In the chain, the investigation revealed that the North Korean piracy group Lazarus was behind this piracy incident. As reported, the piracy group aimed at the Bybit crypto wallet, raising a great question of whether the use of multisigna cryptography wallets is safe to store large amounts of cryptocurrencies.
On February 25, 2025, the CEO of Bybit Exchange, Ben Zhou announced The launch of the LazarusBounty.com website. With the launch of this website, he announced the war against the Lazarus group.
He invited the entire cryptographic community to join the Lázarus Bounty program to track and freeze funds stolen by Lázaro’s computer pirates.
Currently, three main features are available in the first and latest version of the website.
Rewards Hunting System:
- Users can connect their wallets to become rewards hunters.
- When a reward filed leads to a freezing, the reward is paid instantly when freezing.
Distribution of rewards rewards:
- All freezers (which help freeze assets) receive 5% of the reward.
- Exchanges, mixers and other entities involved can also participate in freezing and profits.
Live classification system:
- It tracks good and bad actors based on its response time to Lázaro sanctioned
The Bybit CEO invited Crypto X users to share their opinions to bring more functions to the website so that efforts are more shocking against cryptographic actors. To do the most shocking things, Bybit received help from the best blockchain monitoring platforms and also established a dedicated team to monitor illegal cryptography transactions.
Liquidity support for bybit crypto exchange
Fortunately, Bybit was maintaining enough reservations to fight the possible financial stress; Despite the best financial conditions, many cryptographic players are helping Bybit Exchange to keep liquidity on the Bybit platform.
We have already reported that the Bybit CEO thanked everyone who helped the Bybit platform maintain the level of trust among cryptographic investors.
But in the last developments, the reports in the chain showed that Mirana Ventures deposited $ 600 million eth on the Bybit platform in the last 3 days, which makes Mirana the largest depositor from the Hack. The company bought this large amount of ETH selling $ 500 million in Bitcoin and $ 100 million in USD through Falconx, Galaxy Digital and Wintermute OTC.
Bybit in India
In the last developments, the Bybit Crypto Exchange was successfully recorded in the body of the Financial Intelligence Unit (FIU) in India and paid a regulatory fine of $ 1.06 million.
The fine against this exchange was for violation of the Law of Money Laundering of India (PMLA). Now everything established, and the exchange has restored all services for Indian encryption merchants.
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Discharge of responsibility: In Bitcoinik.com we present the most recent information in the encryption market. However, this information should not be considered as financial advice and viewers must consult their financial advisors before investing.
