Bybit Sues North Korea, Lazarus Group in Landmark Crypto Asset Recovery Effort

Bybit has filed a civil lawsuit against North Korea and the Lazarus Group in response to the $1.5 billion cryptocurrency theft that occurred in February 2025.

The exchange has also secured a preliminary injunction freezing identified stolen assets held by individuals and entities involved in the case.

The court found that Bybit demonstrated a likelihood of success on the merits, granting the initial temporary restraining order, which described the cyberattack as 'one of the largest cryptocurrency thefts in history.'

Ben Zhou, Co-founder and CEO of Bybit, stated: 'Our focus has never changed: protect our users first, recover what we can, and make sure the people behind these attacks are held accountable.'