🚨 Bybit Just Sued North Korea — And a Judge Already Froze the Stolen Crypto
A crypto exchange just took on an entire nation-state in federal court — and won round one.
Bybit isn't just chasing hackers anymore — it's taking on a sovereign state in federal court. The world's second-largest crypto exchange filed a civil RICO lawsuit in the U.S. District Court for D.C. against North Korea, its Reconnaissance General Bureau, and the state-linked Lazarus Group over the record $1.5B Ethereum hack from February 2025 — still the largest crypto heist ever recorded.
The suit, filed under seal in June and made public this week, already has teeth: a federal judge issued a restraining order, then a preliminary injunction on July 30 freezing stolen assets tied to unidentified holders. Bybit says it has recovered $48.4M and frozen another $30.5M across 28+ exchanges, though over 90% of the funds remain untraced.
Lazarus Group has hit crypto before — the $620M Ronin and $100M Harmony hacks — and this suit argues it's all one racketeering pattern. Stolen crypto can now be legally chased, even to a nation-state's doorstep.
Think Bybit recovers the rest? Like, comment, and follow for more crypto justice updates. ⚖️
#Bybit #LazarusGroup #CryptoSecurity
$ETH
A crypto exchange just took on an entire nation-state in federal court — and won round one.
Bybit isn't just chasing hackers anymore — it's taking on a sovereign state in federal court. The world's second-largest crypto exchange filed a civil RICO lawsuit in the U.S. District Court for D.C. against North Korea, its Reconnaissance General Bureau, and the state-linked Lazarus Group over the record $1.5B Ethereum hack from February 2025 — still the largest crypto heist ever recorded.
The suit, filed under seal in June and made public this week, already has teeth: a federal judge issued a restraining order, then a preliminary injunction on July 30 freezing stolen assets tied to unidentified holders. Bybit says it has recovered $48.4M and frozen another $30.5M across 28+ exchanges, though over 90% of the funds remain untraced.
Lazarus Group has hit crypto before — the $620M Ronin and $100M Harmony hacks — and this suit argues it's all one racketeering pattern. Stolen crypto can now be legally chased, even to a nation-state's doorstep.
Think Bybit recovers the rest? Like, comment, and follow for more crypto justice updates. ⚖️
#Bybit #LazarusGroup #CryptoSecurity
$ETH