Bybit Files US Federal Lawsuit Against North Korea Over $1.5 Billion Crypto Hack

TLDR

• Bybit filed a civil lawsuit in US federal court against North Korea, its Reconnaissance General Bureau, and the Lazarus Group over the February 2025 hack
• A federal judge granted expedited discovery, allowing Bybit to trace stolen funds through US-based platforms
• 90.2% of the stolen assets have become untraceable after passing through mixers and cross-chain bridges
• A preliminary injunction was issued, freezing certain stolen assets held by unidentified defendants
• Only 5.3% of the total stolen funds, around $75.5 million, have been frozen or recovered so far

Bybit has filed a civil lawsuit in the US District Court for the District of Columbia, naming North Korea, its Reconnaissance General Bureau, and the Lazarus Group as defendants. The case relates to the February 21, 2025 hack that drained over 400,000 Ether from the Dubai-based exchange, worth roughly $1.5 billion at the time.

BREAKING: 🇰🇵Bybit sues North Korea over the $1.5 billion Lazarus Group crypto heist.

A U.S. federal court granted a preliminary injunction freezing identified assets linked to the hack while the civil case proceeds. pic.twitter.com/gFsrTaOwST

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