Hacked cryptocurrency exchange Bybit has declared a “war against Lazarus” and launched a new website tracking the group’s wallet addresses, hoping to crowdsource the investigative efforts. In return for submissions that lead to frozen funds, the exchange is offering 5% of what gets frozen.

Bybit has already paid more than $4 million to bounty hunters who helped trace and freeze some of the stolen funds.

The forensics investigation of Bybit hack found that a malicious code originating from Safe's infrastructure is behind the root cause of the attack.

On today's episode of CNBC Crypto World, crypto prices slip after a record-breaking hack of crypto exchange Bybit. Plus, Robinhood says the SEC has dismissed its investigation into the platform's crypto arm as the agency pivots to more crypto-friendly policy.

The crypto industry is rallying to recover funds stolen in the $1.5 billion Bybit hack, with exchanges freezing nearly $43 million just two days after the attack. A coordinated effort among centralized and decentralized platforms has led to the swift blacklisting of hacker-linked addresses,

Lazarus Group, hackers based in North Korea, tricked Bybit CEO Ben Zhou into approving a transfer of 400,000 Ethereum tokens from his company's cold wallet.