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Bybit Files Lawsuit Against North Korea and Lazarus Group

Webdisclosure • August 8, 2026

Bybit, a leading cryptocurrency exchange, has initiated a civil lawsuit in the U.S. District Court against North Korea, its Reconnaissance General Bureau, and the Lazarus Group. Accused of orchestrating a $1.5 billion theft, the case secured a preliminary injunction to freeze stolen assets. This move is aimed at recovering funds and reinforcing accountability for cybercrime.

The injunction targets unidentified individuals holding the assets. Bybit's legal strategy focuses on asset preservation while collaborating with authorities and industry partners to combat crypto-related threats.

Since the February 2025 cyberattack, Bybit has retrieved $48.4 million in stolen assets. A further $30.5 million has been frozen across 28 exchanges. In cooperation with global agencies, Bybit is committed to disrupting laundering networks and strengthening the security ecosystem.

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Bybit Sues North Korea Over $1.5 Billion Crypto Theft Bybit has filed a civil lawsuit against North Korea, its Reconnaissance General Bureau, and the Lazarus Group, accusing them of orchestrating a $1.5 billion hack in February 2025. The lawsuit, filed in the U.S. District Court for the District of Columbia, aims to recover stolen assets and has secured a preliminary injunction to freeze identified funds. The hack, described as one of the largest in history, involved the theft of over 400,000 Ethereum tokens through a compromised cold wallet. Bybit has recovered approximately $48.4 million and frozen another $30.5 million across various exchanges. The legal action represents a significant step in holding state-sponsored cybercriminals accountable and restoring trust in the cryptocurrency industry. Bybit's CEO emphasized the importance of protecting users and recovering stolen assets. The case highlights the challenges of tracing and recovering stolen cryptocurrencies, as much of the funds have already been laundered. 11 sources 76

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Bybit Files Lawsuit Against North Korea and Lazarus Group

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