Bitget launches stolen-funds recovery bounty program and real-time tracking system
BIBIBI
AT A GLANCE
Bitget launches a fund recovery bounty program and real-time tracking system; frozen or recovered funds may qualify for rewards based on the relevant amount of 5%.
Article
Bitget launches a fund recovery bounty program and a real-time stolen-funds tracking system
PANews September 25 reported that Bitget announced the launch of the Fund Recovery Bounty Program “Recovery Bounty Program”, mobilizing exchanges, blockchain projects, security researchers, investigators, and the on-chain community to help freeze and recover affected assets. Under the program, successfully frozen funds may qualify for rewards based on the frozen amount, payable to eligible participants who directly facilitate the freeze; successfully recovered funds may likewise qualify for rewards based on the recovered amount. Bitget will also use Bybit’s Lazarus Bounty program as a core channel supporting the bounty and recovery efforts. Actions taken through court orders, law-enforcement requests, or other legal procedures are not eligible for rewards. Final reward eligibility, contribution attribution, and amounts will be determined by Bitget. In addition, to support stolen-funds recovery efforts, it has provided blockchain projects, security teams, and other relevant parties with...
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🔗5%of the recovered amount 5%of the frozen amount https://www.panewslab.com/zh/articles/01a0d8e7-5775-74f1-91f3-c673d9c88d64
Key points
01
Bitget announced the launch of the Fund Recovery Bounty Program “Recovery Bounty Program”。
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The program mobilizes exchanges, blockchain projects, security researchers, investigators, and the on-chain community to help freeze and recover affected assets.
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When funds are successfully frozen, eligible participants who directly facilitate the freeze may receive a reward based on the frozen amount of 5%.
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When funds are successfully recovered, a reward based on the recovered amount of 5%may be provided.
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Bitget will use Bybit’s Lazarus Bounty program as a core channel supporting the bounty and recovery efforts.
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Actions taken through court orders, law-enforcement requests, or other legal procedures are not eligible for rewards.
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Final reward eligibility, contribution attribution, and amounts will be determined by Bitget.
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The headline states that Bitget has launched a real-time stolen-funds tracking system.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is a reward mechanism that encourages external participants to help handle affected assets: if an eligible participant directly facilitates the freezing or recovery of funds, they may receive a reward equivalent to the relevant amount 5%. However, actions taken pursuant to court orders, law-enforcement requests, or other legal procedures are not eligible for rewards; final eligibility and reward amounts will be determined by Bitget.
Why it matters to readers
The bounty program provides clear reward ratios for assisting in the freezing and recovery of affected assets, while the real-time tracking system supports stolen-funds recovery efforts.
If the user is concerned about platform asset security, they can continue monitoring the actual amounts frozen and recovered, eligibility determinations, and whether rewards are distributed; the available materials do not provide these execution results.
Risks and unknowns
The body is truncated at “other relevant par...,” so the complete functionality and participation method of the real-time tracking system cannot be confirmed.
The materials do not specify which security incident was involved, the scale of the affected assets, or the current progress of freezing or recovering them.
The materials do not provide an official Bitget announcement or actual execution results for verification.
Bitget determines final reward eligibility, contribution recognition, and amounts; the specific assessment criteria have not been fully disclosed.
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Related concepts
Recovery Bounty Program
This term is not in the glossary yet. Browse related concepts in the glossary.
