Bybit’s $1.5B Hack Takes a New Turn as Court Freezes Stolen Crypto
Share:
Bybit has sued North Korea, the Reconnaissance General Bureau and the Lazarus Group in a U.S. federal court over the February 2025 $1.5B hack, obtaining a preliminary injunction to freeze identified stolen crypto and target unidentified holders and movers. Investigators have recovered about $48.4M and another $30.5M remains frozen across 28+ platforms as tracing, legal and enforcement actions expand. The court action and ongoing asset recovery bolster CEX security and legal recourse in crypto, likely improving market confidence and adoption.
Predictions Markets
See what traders are focused on
- Bybit has secured a court order to freeze identified assets linked to the hack.
- About $48.4M has been recovered while another $30.5M remains frozen across 28+ platforms.
- Investigators continue tracing stolen funds as legal and enforcement actions expand.
Bybit’s efforts to recover funds stolen in the February 2025 hack have reached a new legal phase after the exchange sued North Korea, its Reconnaissance General Bureau, and the Lazarus Group in a U.S. federal court.
The case also targets unidentified individuals and entities allegedly holding or moving stolen assets. A preliminary injunction now prevents the transfer or dissipation of identified assets linked to the case, creating a legal mechanism to preserve funds while the proceedings continue.
Bybit Hack Recovery Gains Court Protection
The lawsuit was filed in the U.S. District Court for the District of…
Read The Full Article Bybit’s $1.5B Hack Takes a New Turn as Court Freezes Stolen Crypto On Coin Edition.
Predictions Markets
See what traders are focused on
Share:
Predictions Markets
See what traders are focused on
Share:
Read More
Взлом Bybit на $1,5 млрд принимает новый оборот, поскольку суд замораживал украденные криптовалюты
