Bybit Secures Preliminary Injunction to Block Stolen Crypto

The largest crypto theft on record, worth $1.46 billion, occurred in February 2025 when North Korean hackers stole funds from Bybit.

About 17 months later, Bybit won a preliminary injunction blocking unnamed defendants from moving or selling the stolen crypto, covering identified assets without confirming the full amount.

The court order came roughly 532 days after the hack. Chainalysis found that DPRK-linked groups laundered the funds through exchanges, bridges, mixers, and laundering services over about 45 days.

Before the lawsuit, coordinated action by industry partners froze $42.9 million in the first days after the theft, and mETH Protocol recovered another 15,000 cmETH, worth nearly $43 million.