bybit

A new development has emerged in the massive Bybit hack. A U.S federal judge has granted Bybit expedited discovery allowing the exchange to seek information from platforms with U.S operations that could help identify where some of the stolen crypto moved.
The hack, attributed by the FBI to North Korea _linked actors, involved roughly 💲1.5 billion in crypto assets. The important part👇
Bybit can now pursue information about suspected intermediary accounts, balances and transaction histories . This doesn't mean the full💲1.5B has been recovered but Binance blockchain transactions can remain traced even after funds move through multiple wallets, investigators may still be able to follow portions of the stolen assets.
#Bybit #cryptoNews #cryptosecurity

A monumental decision from a US court has given Bybit a much-needed lifeline in its attempt to recover funds from a massive North Korean hack. The court has ruled in favor of Bybit's expedited discovery bid, allowing the exchange to seek crucial information from platforms with US operations, including account identities, balances, and transaction histories.
The historic move is a significant development in the ongoing saga of the $1.5B hack, which has seen North Korea-linked entities drain millions from cryptocurrency exchanges over the years. This latest breakthrough has breathed fresh life into Bybit's efforts to track down the stolen funds, and experts predict that it could usher in a new era of cooperation between cryptocurrency exchanges and authorities.
In the past, hackers have used sophisticated techniques to cover their tracks and launder stolen funds through cryptocurrency exchanges. However, with this new ruling, Bybit and other exchanges can now work together to identify and freeze assets tied to the North Korean hacking group. The potential implications are profound, and the cryptocurrency community is eagerly awaiting the next move in this high-stakes game of cat and mouse.
#CryptoHacking #Bybit #USCourt
As the floodgates of information begin to open, one question remains: will Bybit's efforts finally bring some justice to the victims of this massive hack, or will the hackers find new ways to evade capture? The world watches with bated breath as this historic case unfolds. Will you be ready to ride the waves of change that are coming? Don't miss the next move in this high-stakes game – stay tuned, stay informed, and get ready to take control of your cryptocurrency journey today!

On August 8, 2026, two major events in the crypto world happened on the same day.
North Korean hackers obtained a court summons, while the CLARITY Act received a death certificate.
1. #bybit Sue North Korea: the first case
On 8/8, the crypto exchange Bybit officially filed suit against the Democratic People's Republic of Korea, its intelligence agency the Reconnaissance General Bureau (RGB), and the notorious Lazarus Group.
On February 21, 2025, a year and a half ago, Lazarus stole $1.5 billion from Bybit's hot wallet—one of the largest cryptocurrency thefts in history.
Yesterday's court documents show that a federal judge has issued a preliminary injunction, freezing some of the stolen assets.

Once again, the world of crypto is in the news for a matter of security and hacking. Major crypto exchange Bybit has filed a lawsuit in U.S. federal court against North Korea, its intelligence agency Reconnaissance General Bureau, and the alleged hacking group Lazarus Group.
This case is related to the major cyberattack that took place in February 2025, in which over 400,000 ETH and Staked ETH were stolen from Bybit. At the time of the attack, the total value of these assets was approximately $1.5 billion, making it one of the biggest thefts in crypto history.