Bybit Sues North Korea and Its Lazarus Group, Accusing Them of Stealing $1.5 Billion in Crypto Assets and Obtaining a Court Asset Freeze Order
Bybit, the world's second-largest cryptocurrency exchange, has filed a civil lawsuit in the U.S. District Court for the District of Columbia, alleging that North Korea and its affiliated hacking group, Lazarus Group, stole approximately $1.5 billion in Ethereum (over 400,000 ETH and stETH) on February 21, 2025. Bybit stated that it has obtained a preliminary injunction to freeze a portion of the allegedly stolen digital assets for preservation during the litigation. North Korea is accused of using the illicit proceeds to fund its weapons programs.
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