Bybit Launches Website to Track Lazarus Group Wallets and Freeze Funds

Bybit has announced a campaign against the Lazarus group, launching a new website to track the group's wallet addresses. The exchange aims to crowdsource investigations, offering 5% of any frozen funds as a bounty for useful submissions.

Key points:

• CEO Ben Zhou declared a "war" on Lazarus in a social media post.
• The website provides transparency on the group's money laundering activities.
• Users can connect their wallets to help trace stolen funds and receive upfront bounties when assets are frozen.
• Currently tracking 6,338 addresses linked to Lazarus, with $42.3 million already frozen, amounting to over 3% of stolen assets.
• The recent hack involved nearly $1.5 billion, linked to North Korea's Lazarus Group, noted as one of the largest crypto thefts in history.