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Bitget Launches Recovery Bounty Program, Real-Time Stolen Fund Tracker

Bitget announced a Recovery Bounty Program offering rewards of 5% of the value of funds successfully frozen and 5% of funds successfully recovered, open to exchanges, blockchain projects, security researchers, investigators and the on-chain community. The exchange will use Bybit’s Lazarus Bounty as a core channel for the program. Actions taken via court orders, law enforcement requests or other legal processes are excluded, and Bitget determines final eligibility and reward amounts.

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AI take

Bitget's bounty structure pays out only on frozen or recovered funds, tying rewards to outcomes rather than tips alone, while carving out legal-process actions and retaining sole discretion over eligibility — a design that could limit participation from parties whose recoveries stem from court or law enforcement routes. Routing through Bybit's Lazarus Bounty, rather than building a standalone channel, suggests the program leans on existing industry infrastructure instead of new coordination. Whether that combination meaningfully improves cross-exchange freeze rates is the open question.

Generated by AI for reference only.

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