BlockTrends
Bybit Sues North Korea Over $1.4 Billion Hack: Just 5% Recovered
August 11, 2026•12:33 PM
Cryptocurrency exchange Bybit has filed a civil lawsuit against North Korea following a massive hack that resulted in the theft of $1.4 billion. The legal action aims to preserve digital assets while criminal investigations proceed, in a case involving cybersecurity, cryptocurrency, and international sanctions. After the devastating attack, only 5% of the stolen funds have been recovered, while 90% have completely lost their trace. The case represents a significant challenge for the cryptocurrency industry, highlighting vulnerabilities in exchanges and the growing threat of state-sponsored attacks.
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