Bybit, a leading cryptocurrency exchange, has recently announced a bounty program for white hat hackers to recover stolen funds from the notorious Lazarus Group. The exchange is offering a reward of up to 10% of the recovered funds, in hopes of deterring cybercriminals and protecting its users.

The Lazarus Group, a North Korean state-sponsored hacking group, has been responsible for numerous high-profile cyber attacks targeting cryptocurrency exchanges and financial institutions. Their most recent attack on Bybit resulted in the theft of a significant amount of crypto assets, leaving the exchange and its users at a loss.

In response to this attack, Bybit has taken a proactive approach by launching a bounty program to incentivize ethical hackers to help recover the stolen funds. The exchange believes that this is a crucial step in the fight against cybercrime and hopes to set an example for other exchanges to follow.

The bounty program is open to all white hat hackers and security experts who have the skills and expertise to track down and retrieve the stolen funds. By offering a reward of up to 10% of the recovered funds, the exchange hopes to attract top talent and increase the chances of a successful recovery.

Bybit has also assured its users that their funds are safe and secure, and the exchange has implemented additional security measures to prevent future attacks. The exchange has also urged its users to remain vigilant and report any suspicious activity to their customer support team.

This bold move by Bybit not only demonstrates their commitment to protecting their users but also sends a strong message to cybercriminals that their actions will not go unpunished. By working together with the white hat hacker community, the exchange hopes to recover the stolen funds and bring the perpetrators to justice.

In conclusion, Bybit’s bounty program is a proactive and innovative approach to combatting cybercrime in the cryptocurrency industry. It not only offers a chance for ethical hackers to showcase their skills but also serves as a warning to cybercriminals that their actions will not be tolerated.