This week, it was announced that a US federal court upheld a lawsuit filed by crypto exchange Bybit , which is still trying to track down $1,5 billion in assets stolen during a hack. The company has now been granted expedited discovery.
The lawsuit in question is a lawsuit Bybit filed in a US court on June 18, 2026. In the document, marked "secret," the exchange accuses North Korea, its Intelligence Directorate, Lazarus Group, and 20 unidentified defendants. The lawsuit states that some of the stolen assets ended up on platforms operating and maintaining infrastructure in the US, which is why the company requested data on account holders, their balances, and transaction histories. Some of these platforms are willing to cooperate with Bybit , but only after receiving a court order.
The very next day (June 19), the court upheld the claim. After this, the exchange can attempt to identify the intermediaries and recover some of the stolen funds. The judge also prohibited several defendants from transferring some of their assets. It's unclear who these defendants are, as most of the documents are classified.
Bybit previously reported that 90,2% of the stolen funds were no longer traceable after they passed through mixers. The remaining 9,8% were linked to identifiable wallets, including 5,3% of the total amount, approximately $75,5 million, that was frozen or returned.
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