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Bybit Wins U.S. Court Order to Freeze Crypto Linked to $1.5B North Korea Hack
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NFT Evening
Bybit has secured a U.S. court order freezing crypto assets linked to the roughly $1.5 billion hack in February 2025, as it pursues a civil lawsuit against North Korea, the Reconnaissance General Bureau, and the Lazarus Group.
The court order does not mean Bybit will recover all of the stolen funds.
Bybit stated that losses reached approximately $1.46 billion, including 401,347 ETH, 90,375 stETH, 15,000 cmETH, and 8,000 mETH.
What Comes NextDespite obtaining the court order, Bybit still faces a long road to convert frozen funds into actual recovered assets.
The remainder may have been converted, dispersed, or routed through platforms that make enforcement of the court order more difficult.