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Bybit Sues North Korea Over $1.5 Billion Crypto Hack
['Kathleen Kinder', 'Written By', 'Reviewed By', 'Barry Elad', 'Ben Zhou', 'Co-Founder', 'Ceo Of Bybit', 'Kathleen Kinder Brings Over Years Of Experience In The Research Industry', 'With Deep Expertise In Finance', 'Cryptocurrency']
CoinLaw
Bybit said on August 7, 2026, it filed a civil lawsuit against North Korea, its Reconnaissance General Bureau, and the Lazarus Group over the $1.5 billion crypto theft of February 2025.
Key TakeawaysBybit named North Korea, the Reconnaissance General Bureau, and the Lazarus Group as defendants in a civil suit filed in a US federal court.
A preliminary injunction bars unidentified John Doe defendants from transferring or selling stolen assets identified in the case.
The complaint names the Democratic People’s Republic of Korea (DPRK), its Reconnaissance General Bureau (RGB) intelligence agency, and the state-sponsored Lazarus Group as defendants.
The theft dwarfs every earlier incident tracked in crypto exchange hack statistics, and its scale reshuffled the ranking of the most expensive crypto exchange hacks in a single day.