The lawsuit concerns the theft of approximately $1.5 billion in digital assets, according to investing.com, citing a statement from the exchange.
The complaint was filed in the U.S. District Court for the District of Columbia. The defendants named in the complaint include North Korea, the country’s Reconnaissance General Bureau (RGB), Lazarus, and as yet unidentified individuals and entities.
At the same time, Bybit has obtained a preliminary injunction that prevents the owners of some of the identified stolen assets from transferring or selling them until the proceedings are concluded, the publication notes.
According to Bybit, on February 21, 2025, Lazarus withdrew more than 400,000 ETH and stETH from the exchange, valued at approximately $1.5 billion at the time. This attack is considered the largest cryptocurrency theft in history.
Bybit explained that it filed the lawsuit in an effort to recover the stolen assets and hold the perpetrators of the attack accountable. The civil proceedings are being conducted independently of the criminal investigations by U.S. law enforcement agencies.
In February 2025, the FBI officially attributed responsibility for the Bybit hack to North Korea. According to the FBI, the attackers converted part of the stolen funds into Bitcoin and other digital assets, then distributed them among thousands of addresses across several blockchains.
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