Bybit CEO Ben Zhou Targets Lazarus Group with Bounty

It aims to track and freeze funds linked to the notorious North Korean hacking group, Lazarus.

Through LazarusBounty.com, Bybit is calling on the crypto community to help take down one of the biggest threats to the industry.

Bybit’s Bounty: Tracking, Freezing, and Exposing Lazarus

Zhou’s plan isn’t just talk—it’s a full-fledged effort to expose Lazarus’ money laundering activities. The website offers full transparency, tracking sanctioned transactions and rewarding those who help bring criminals to justice. The goal is clear: make it impossible for Lazarus and other bad actors to move stolen funds undetected.

The bounty system allows users to become crypto detectives by connecting their wallets and submitting intelligence on suspicious transactions. If their leads result in a fund freeze, they receive an upfront bounty. Exchanges, mixers, and other platforms that assist in freezing funds also get a 5% cut of the bounty.

To keep everyone accountable, the platform ranks industry players based on their response times to Lazarus-related transactions. Nobody wants to land on the “bad actor” list, which publicly records those who help facilitate illegal activities.

Live Tracking and Future Upgrades: Bybit’s Next Move

The initiative also includes a live API to update wallet addresses flagged for illicit activity. Exchanges and blockchain analytics firms like Arkham, Elliptic, and TRM Labs can tap into this data to bolster security measures. This real-time transparency forces the industry to clean house and take a firm stance against financial crime.

This is just Version 1 of the project, but Zhou promises more firepower in Version 2. Upcoming features include live updates on suspect wallets, showing their latest balances and movements. This will allow bounty hunters to “claim” a wallet, track its activity, and earn rewards when frozen funds are confirmed.

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