Bybit Sues North Korea and Lazarus Group, Secures Preliminary Injunction Freezing Stolen Assets in Landmark Crypto Asset Recovery Effort
Bybit said the court froze certain stolen assets as it seeks to recover funds and hold the North Korean hackers accountable.
- On Friday, Dubai-based Bybit filed a civil lawsuit in the U.S. District Court for the District of Columbia against North Korea, its Reconnaissance General Bureau, and the Lazarus Group, seeking damages for a $1.5 billion cryptocurrency theft.
- North Korean state-sponsored Lazarus Group allegedly executed the heist on February 21, 2025, after attackers compromised Safe Wallet infrastructure; the FBI attributed the theft to North Korea on February 26, 2025.
- Court records unsealed Thursday show a federal judge granted expedited discovery and a preliminary injunction, finding that "Bybit has demonstrated a likelihood of success on the merits" in its legal pursuit.
- Approximately $48.4 million in stolen assets has been recovered, while over $30.5 million remains frozen across more than 28 exchanges; Bybit reports 90.2% of the stolen funds became untraceable after passing through laundering networks.
- Bybit CEO Ben Zhou stated, "Our focus has never changed: protect our users first, recover what we can, and make sure the people behind these attacks are held accountable," as civil proceedings continue.
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Bybit Sues North Korea and Lazarus Group, Secures Preliminary Injunction Freezing Stolen Assets in Landmark Crypto Asset Recovery Effort
Lawsuit accuses North Korea and Lazarus Group of orchestrating the $1.5 billion theft, as court-ordered asset freeze supports recovery efforts and Bybit expands collaboration with law enforcement and industry partners to strengthen accountability for crypto-related cybercrime
Bybit sues North Korea and Lazarus Group over $1.5B 2025 hack - The Cryptocurrency Post
Bybit has filed a civil lawsuit against North Korea, the country’s Reconnaissance General Bureau and the Lazarus Group over the $1.5 billion hack that hit the exchange in February 2025, according to reports citing the case. The action adds a legal track to Bybit’s effort to recover funds tied to one of the largest crypto thefts on record. The exchange filed the case in the U.S. District Court for the District of Columbia. Bybit also secured a pr…
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