Bybit Wins U.S. Court Order to Trace $1.5B Hack Funds After February 2025 Attack
first published 2026-08-09T12:30:28Z
Bybit obtained expedited discovery and partial preliminary injunctive relief in its U.S. lawsuit over the February 2025 hack. The order lets it seek identities, balances, and transaction histories from U.S.-linked platforms while preserving some identified assets. Bybit says it has recovered $48.4 million and frozen more than $30.5 million, but most stolen funds were already hard to trace when the suit was filed. The FBI attributed the attack to North Korean cyber actors TraderTraitor, and the case is ongoing.
AI Analysis
The article reports court support for tracing and preserving hack proceeds, plus partial recovery and freezing of funds. This is operationally material for Bybit and the broader security narrative, but it is not a direct market catalyst and most funds were already hard to trace.
Expected Investor Sentiment: Neutral
Potential Market Impact: Significant
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