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Bybit wins injunction to freeze crypto linked to North Korea hack
['Editorial Team']
Crypto Briefing
Bybit is doing something most companies would consider futile: suing North Korea.
A federal judge in the District of Columbia granted a preliminary injunction freezing crypto assets in wallets linked to the February 2025 Bybit hack, in which North Korean state-sponsored hackers allegedly made off with approximately $1.5B in Ethereum.
AdvertisementWithin days, the FBI attributed the attack to North Korean actors, linking it to a broader pattern of DPRK-sponsored cyber operations.
The preliminary injunction is designed to prevent whatever remains of the stolen assets from being moved while the case proceeds.
The $6.75B cumulative figure attributed to North Korean cyber operations is hard to ignore, and it gives lawmakers concrete ammunition for pushing stricter oversight.