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Bybit Gets Court Order to Hunt North Korea Hack Funds | Bitcoin and Crypto News
Description
A federal judge just gave Bybit the green light to pursue funds tied to a $1.5 billion crypto heist suspected to be linked to North Korea, granting urgent access to U.S.-based platforms for critical financial data. The breach began in February when attackers exploited a developer’s credentials to inject malicious code into Safe Wallet infrastructure, prompting the FBI’s swift attribution to North Korea. Bybit’s lawsuit, filed under seal in June, received expedited court approval — underscoring the high stakes. Though nearly 90% of the stolen assets are now untraceable, Bybit is determined to recover what remains by identifying intermediaries and pursuing legal action under RICO, seeking not only restitution but also steep punitive damages. This ruling marks a pivotal moment in the fight against large-scale crypto thefts and signals a growing willingness to hold perpetrators accountable through the U.S. legal system.
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