Bybit Sues North Korea and Lazarus Group Over $1.5 Billion Cyberattack
Bybit, the second-largest cryptocurrency exchange by trading volume, has filed a lawsuit against North Korea and the Lazarus Group in connection with the $1.5 billion cyberattack that occurred in February 2025. The company has also secured a preliminary injunction freezing stolen assets held by unidentified individuals and entities.
The court found that Bybit demonstrated a likelihood of success on the merits in its lawsuit, which forms part of a broader strategy combining blockchain intelligence, international cooperation, and judicial remedies to pursue illicit actors responsible for large-scale cybercrime.
Bybit's Co-founder and CEO Ben Zhou stated that their focus has always been on protecting users, recovering stolen assets, and holding accountable those behind these attacks. The company will continue to cooperate with law enforcement agencies and provide updates as permitted by the court.