CoinTelegraph
A US court has backed Bybit's effort to trace the $1.5 billion stolen in a North Korea-linked hack, while 90% of the funds are already untraceable. The legal action supports tracing, but it does not guarantee that the stolen funds can be recovered.
Why it matters
The central distinction is between tracing stolen crypto and recovering it. Bybit has court backing for the first task, but the 90% untraceable figure shows how limited visibility remains over the loss.
Market impact
For Bybit, the hack remains a security and confidence issue. For the wider crypto market, the key signal is whether the court-backed effort identifies any recoverable share of the $1.5B loss.
Frequently asked questions
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What is the US court backing intended to support for Bybit?
It supports Bybit's effort to trace the $1.5 billion stolen in the North Korea-linked hack.
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How does tracing differ from recovering the stolen Bybit funds?
Tracing and recovery are separate outcomes. Court backing supports the tracing effort, but it does not guarantee that the funds can be recovered.
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Why does the 90% untraceable figure limit the court action's impact?
Most of the $1.5 billion loss remains outside clear visibility. Legal backing supports the tracing effort, but it does not guarantee recovery.
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What security concern remains for Bybit after the court action?
The hack remains a security and confidence issue for Bybit even with US court backing for the tracing effort.
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What will the wider crypto market watch next?
The key signal is whether the court-backed effort identifies any recoverable share of the $1.5B loss.
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