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Bybit

Controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2026

    Bybit secures injunction freezing stolen assets

    Ruling

    Bybit obtained an injunction freezing assets stolen in a 2025 attack. The event was reported on 2026-08-10. The source is a report on the crypto exchange suing the North Korean government and hackers over a $1.5 billion heist. The injunction is a legal step concerning the stolen assets.

    Stated objective. Seek compensation

    Source excerpt

    • Bybit secured an injunction freezing assets stolen in 2025 attack, alongside civil lawsuit seeking compensation
    • The preliminary injunction prohibits the transfer or dissipation of identified assets connected to the case while litigation continues.
    • the court found that "Bybit has demonstrated a likelihood of success on the merits" in its lawsuit.
    Source

  2. 2026

    Bybit files lawsuit over $1.5 billion hack

    Lawsuit filed

    Bybit filed a civil lawsuit against North Korea, its Reconnaissance General Bureau intelligence agency, and the Lazarus Group over the theft of approximately $1.5 billion from the exchange. The event was reported on August 7, 2026, according to the source. The filing concerns the hack and names the state, its intelligence agency, and the group as defendants in the civil action.

    Stated objective. Preserve identified stolen digital assets while the litigation continues

    Source excerpt

    • Bybit, the world’s second-largest cryptocurrency exchange, has filed a civil lawsuit against the Democratic People's Republic of Korea (DPRK), its Reconnaissance General Bureau (RGB) intelligence agency and the Lazarus Group, identified as the DPRK-linked hacking group responsible for stealing $1.5 billion from the exchange last year.
    • Bybit filed a civil lawsuit against the Democratic People's Republic of Korea (DPRK), its intelligence agency, the Reconnaissance General Bureau (RGB), and state-sanctioned hacking organization the Lazarus Group.
    • The preliminary injunction from a federal U.S. court prohibits the transfer or dissipation of identified assets connected to the case while litigation continues.
    Source

  3. 2025

    Bybit wallet hack

    Attackers stole approximately 400,000 ether from Bybit in February 2025. The incident was associated with compromised third-party wallet infrastructure, and investigators attributed the attack to North Korea-linked actors. Bybit said it restored its reserves through emergency liquidity arrangements.

    Source

  4. 2023

    FTX bankruptcy estate litigation

    The FTX bankruptcy estate alleged that Bybit's investment arm Mirana received preferential treatment and withdrew substantial assets before FTX halted withdrawals. The case also raised claims concerning blocked asset recovery and token transactions involving BitDAO and Alameda Research. Bybit settled the matter for $228 million in October 2024.

    Source