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08/08/2026

Bybit Secures Asset Freeze in $1.5B Lazarus Group Hack Lawsuit

What happened: Bybit filed a civil suit in the US District Court for the District of Columbia against the Democratic People’s Republic of Korea (DPRK), its Reconnaissance General Bureau, the Lazarus G

Bybit Secures Asset Freeze in $1.5B Lazarus Group Hack Lawsuit

What happened: Bybit filed a civil suit in the US District Court for the District of Columbia against the Democratic People’s Republic of Korea (DPRK), its Reconnaissance General Bureau, the Lazarus Group, and unnamed individuals, following a February 2025 hack that siphoned over $1.5 billion in crypto assets. The court granted a preliminary injunction freezing the identified stolen assets, though specific wallet addresses and frozen totals were not disclosed.

Why it matters: The injunction provides Bybit and law enforcement with legal grounds to freeze and potentially recover stolen funds across global exchanges. While the odds of full recovery remain uncertain, the move sets a precedent for coordinated civil action against state-sponsored cybercrime in the crypto sector.

Source: CoinDesk