TREE NEWS update: 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.
Bitget Launches Recovery Bounty Program, Real-Time Stolen Fund Tracker
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.
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