Bybit’s Daring Duel: A Bounty for the Brave! 💰🕵️♂️
In the glittering oasis of Dubai, where fortunes are made and lost faster than one can say “cryptocurrency,” Bybit has donned its armor and taken up arms against the nefarious Lazarus Group. With a bounty program that would make even the most hardened treasure hunter blush, they are offering a princely sum for those who dare to assist in reclaiming the stolen spoils.
Our gallant CEO, Ben Zhou, has proclaimed a 5% bounty for any noble soul—be they platform, mixer, or individual—who aids in the noble quest to freeze the assets pilfered just last week. A veritable Robin Hood of the blockchain, if you will!
– Become a bounty hunter by connecting your wallet and help trace the funds, when…
— Ben Zhou (@benbybit) February 25, 2025
Alas, Bybit suffered a grievous blow last Friday, losing over 400,000 Ether (ETH)—a staggering sum of nearly $1.5 billion—thanks to what may very well be the largest financial exploit in the annals of history. The dastardly deed was executed through a hijacked multi-signature transaction, with the infamous Lazarus Group, hailing from the land of North Korea, identified as the culprits.
Blockchain sleuths at Elliptic have noted that Lazarus has embarked on phase two of its laundering escapade, scattering their ill-gotten gains across a multitude of wallets and bridging assets to other blockchains, like a digital confetti of crime.
In their cunning, the cybercriminals have also turned to non-KYC services like eXch to cloak their transactions in anonymity. eXch, however, has vehemently denied any involvement in the laundering of Bybit’s assets through its platform. Yet, the ever-watchful ZachXBT continues to investigate, casting a discerning eye on the questionable practices of this service.
Overall, a commendable effort with the site thus far! I appreciate how it highlights the bad actors like eXch, who continue to facilitate Lazarus Group’s money laundering while charging exorbitant fees.
— ZachXBT (@zachxbt) February 25, 2025
Despite the chaos, Bybit has deployed a veritable arsenal of recovery tactics, covering its losses through loans and strategic partnerships. Withdrawal processing times have returned to their usual pace, much to the relief of the beleaguered users.
Thus far, Bybit has managed to recover a commendable $43 million, with the valiant assistance of Mantle, mETH developers, and SEAL 911—a coalition of white-hat security professionals. Tether, too, has played its part, freezing $181,000 in stolen funds within its stablecoin USDT.
Read More
- Cookie Run Kingdom Town Square Vault password
- Maiden Academy tier list
- Cookie Run Kingdom: Shadow Milk Cookie Toppings and Beascuits guide
- Wizardry Variants Daphne tier list and a reroll guide
- Girls Frontline 2 Exilium tier list
- Tap Force tier list of all characters that you can pick
- Badass Ravi Kumar star Himesh Reshammiya’s wife exposes his hilarious habit; former says ‘mere naam pe TRP le rahi ho’
- 10 Hardest Bosses In The First Berserker: Khazan
- Chhaava OTT release: Where is Vicky Kaushal and Rashmika Mandanna’s film expected to stream after theatrical run? Find out
- Irv’s Dream In Severance’s ‘Woe’s Hollow’ Made My Skin Crawl, And John Turturro Told Me How It Set Up That Big Helly Reveal
2025-02-25 20:31