DUBAI, UAE, Feb. 26, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency alternate by buying and selling quantity, immediately introduced the launch of LazarusBounty.com, an industry-first bounty platform that represents a decisive, four-pronged offensive in opposition to crypto crime. Underpinned by the agency perception that data transparency is essential, LazarusBounty.com is designed to reveal illicit exercise, maintain hackers accountable, and safe digital property with unparalleled pace and precision.
Info Transparency on the Coronary heart of 4-pronged Final Protection
On the core of LazarusBounty.com is the conviction that full, real-time transparency empowers the neighborhood and transforms the battle in opposition to cybercrime. By making each motion seen and each transaction traceable, Bybit ensures that the reality is probably the most highly effective weapon in opposition to hackers.
1. Powered by Complete On-Chain Safety Knowledge
LazarusBounty.com consolidates premier blockchain safety databases—together with assets from Chainalysis, Arkham, GoPlus, and different prime safety firms—right into a definitive, real-time safety wiki. This strong integration empowers investigators and the broader neighborhood with important insights wanted to reveal and counter illicit transactions.
2. Instant Activation of Panel of Skilled Investigations
When a large-scale breach is reported, LazarusBounty.com mobilizes elite blockchain detectives — akin to ZachXBT and Yu Xian (C), founding father of SlowMist — to provoke quick, rigorous investigations. This expert-driven method serves as a name for these devoted to unmasking cybercriminals.to arms for these devoted to unmasking cybercriminals.
3. Decentralized Safety Alliance Council on Hand to Seek the advice of
Bybit has enlisted chief safety officers from main public chains to function advisors, forming a formidable, decentralized community that stands united in opposition to cybercrime. This alliance reinforces the corporate’s dedication to transparency and accountability throughout the blockchain ecosystem.
4. Advantage-Based mostly Bounty Reward Leaderboard
The platform’s Hack Leaderboard meticulously tracks contributions and allocates rewards based mostly on the effectiveness of every enter in recovering stolen funds. Each verified piece of proof is logged, spotlighting the bounty hunters actively dismantling prison operations whereas exposing those that stand by with out contributing.
LazarusBounty.com can even be geared up with an automatic notification system that triggers quick remedial measures as soon as illicit funds are traced to their endpoints. By immediately alerting related platforms to freeze or block these property, the system eliminates the delays related to handbook intervention—guaranteeing that each second counts within the battle in opposition to cybercrime.
Ben Zhou, Co-founder and CEO of Bybit, hopes to ship a transparent message. “In immediately’s blockchain panorama, transparency isn’t only a precept—it’s our most potent weapon in opposition to cybercrime. With LazarusBounty.com, we’re taking a stand to make sure that each transaction is seen and each hacker is held accountable. Our multifive-pronged offensive is a transparent message: in case you steal, you can be discovered, and justice will probably be swift,” stated Zhou.
A Proactive Stance Towards Cybercrime
The launch of LazarusBounty.com sends a transparent, unyielding message: stolen funds is not going to be tolerated for unlawful use. This platform serves as a direct problem to cybercriminals—a warning that any try to take advantage of the blockchain for illicit functions will probably be met with relentless, coordinated motion. With this five-pronged offensive, Bybit not solely challenges cybercriminals but in addition units a brand new {industry} commonplace. Fairly than ready for issues to escalate, Bybit is taking the lead in securing the ecosystem and calls on each vigilant neighborhood member to help this mission.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency alternate by buying and selling quantity, serving a world neighborhood of over 60 million customers. Based in 2018, Bybit is redefining openness within the decentralized world by creating a less complicated, open and equal ecosystem for everybody. With a powerful concentrate on Web3, Bybit companions strategically with main blockchain protocols to supply strong infrastructure and drive on-chain innovation. Famend for its safe custody, various marketplaces, intuitive person expertise, and superior blockchain instruments, Bybit bridges the hole between TradFi and DeFi, empowering builders, creators, and fans to unlock the complete potential of Web3. Uncover the way forward for decentralized finance at Bybit.com.
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