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Bybit Sues North Korea and Lazarus Group Over $1.5bn Crypto Theft

Bybit Sues North Korea and Lazarus Group Over $1.5bn Crypto Theft

Bybit has filed a civil lawsuit in the US District Court for the District of Columbia against the Democratic People’s Republic of Korea, its Reconnaissance General Bureau, and the Lazarus Group, the state-linked hacking collective that US authorities say orchestrated a February 2025 cyberattack against the exchange. Alongside the filing, Bybit has secured a preliminary injunction freezing identified stolen assets held by unnamed defendants who have been moving or holding those funds.

The court, in granting an earlier temporary restraining order, described the incident as “one of the largest cryptocurrency thefts in history.” The district court has also found that “Bybit has demonstrated a likelihood of success on the…

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