US court backs Bybit’s bid to trace funds from $1.5B North Korea hack

CryptoInfo Editorial Team · Published on August 08, 2026 at 04:11 · Updated on August 08, 2026 · 1 min read

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Key Takeaways

→A US court has granted Bybit's request for expedited discovery to trace hacked funds.
→The discovery process allows Bybit to seek account identities, balances, and transaction histories from US platforms.
→The hack in question involved the theft of $1.5 billion in funds, allegedly by North Korea.

Disclaimer: This content is provided for informational purposes only and does not constitute financial or investment advice.

A US court has granted Bybit's bid for expedited discovery, enabling the exchange to trace funds from a $1.5 billion North Korea hack. This ruling allows Bybit to seek account identities, balances, and transaction histories from platforms with US operations.

According to reporting from CoinTelegraph, the expedited discovery process will aid Bybit in its efforts to recover the stolen funds. The hack in question is one of the largest to date, with $1.5 billion in funds stolen.

The ability to trace and potentially recover these funds is a significant step for Bybit and the broader cryptocurrency community. It highlights the ongoing efforts to combat illicit activities and ensure the security of digital assets.

Source: CoinTelegraph ↗