US Court Backs Bybit Effort to Trace Funds From $1.5B North Korea Hack
A US federal court granted expedited discovery and an asset freeze in Bybit's civil case against North Korea over a February 2025 hack that stole roughly $1.5 billion in crypto.
AfroEuropa Newsroom
AfroEuropa desk
Cryptocurrency exchange Bybit has secured backing from a US federal court in its civil case seeking to recover funds tied to a February 2025 hack that drained about $1.5 billion in digital assets.
According to BitKE, the Dubai-based exchange filed the civil suit against North Korea, its intelligence agency, and the Lazarus Group. The court granted a preliminary injunction that bars unidentified defendants holding assets traced to the theft from transferring or selling them while the litigation continues.
Cointelegraph reported that the court also approved expedited discovery, allowing Bybit to request account identities, balances, and transaction histories from platforms with operations in the United States.
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