Ben Zhou (@benbybit)
@benbybit
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Bybit team is standby to help in any ways that we can. Bitget helped us when we had the hack.
we are updating to help Bitget to capture and trace the stolen fund movement.
Here is what we can confirm at this stage:
On the attack:
Our security team has made initial progress in tracing the source. The attacker compromised a critical backend system within our wallet infrastructure, used it to spoof transaction data, and triggered our authorization process to move funds out. Private key compromise has been ruled out — this excludes the more severe risk scenarios. Loss containment is confirmed. No further unauthorized transfers are possible. The specific method of system intrusion remains under active investigation. A full technical report will follow once confirmed.
On withdrawal restoration:
Multiple technical teams are working in parallel on system remediation and security hardening. Withdrawal restoration is being prepared in parallel. We will announce a timeline as soon as one is confirmed — we will not commit to a window we cannot guarantee.
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Since the Lazarus attack in February 2025, Bybit has been working on recovery from every possible angle.
Today, we took another step forward.
Bybit has filed a civil lawsuit against the DPRK and the Lazarus Group, and secured a preliminary injunction freezing identified stolen assets while the case moves forward.
So far, we have recovered about $48.4M, with another $30.5M frozen across more than 28 exchanges and custodians.
This has taken a lot of cooperation across exchanges, blockchain analytics firms, custodians and law enforcement agencies .
The attack was against Bybit, but the problem is much bigger than Bybit. Cybercrime is a threat to the entire crypto industry. We will keep working with everyone who can help trace, freeze and recover stolen assets and we’ll keep using every lawful tool available.
The fight isn’t over. We keep pushing to build a new financial platform that is safer for everyone.
#NewFinancialPlatform#
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🇰🇵 LATEST: Bybit has sued North Korea and the Lazarus Group over the $1.5 billion hack and has secured a preliminary court order freezing stolen assets.
