Brivv
CryptoNews2 min readAI-assisted

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

Bybit has filed a civil lawsuit in a US federal court against North Korea, its Reconnaissance General Bureau, and the Lazarus Group over a February 2025

September 30, 2026Source: thefintechtimes.com ↗

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 merits of its claims, a finding that supported the issuance of the preliminary injunction.

The lawsuit names North Korea, its Reconnaissance General Bureau, and the Lazarus Group as defendants over the theft, which US authorities have attributed to the hacking group. The case centers on the February 2025 attack that resulted in the theft of an amount described in the lawsuit's title as $1.5bn in cryptocurrency.

The legal action seeks to hold the named parties accountable for the theft while the injunction aims to prevent further movement of the assets identified as stolen by unnamed defendants.

Source: The Fintech Times

Read Brivv on Telegram

Get the top FinTech & crypto stories first — with a quick take on why they matter.

Subscribe@brivv_com

Related Articles