Bybit
Bybit has been named in 2 documented digital harm incidents. The most common harm domain is Fraud & Financial.
Documented Incidents
2North Korean Hackers Steal $1.5 B from Bybit Cryptocurrency Exchange
In February 2025, the FBI announced that a North Korean state‑sponsored hacking group, known as TraderTraitor, stole approximately $1.5 billion in virtual assets from the cryptocurrency exchange Bybit. The stolen funds were partially converted into Bitcoin and dispersed across thousands of blockchain addresses. The FBI released a list of Ethereum addresses tied to the actors and urged exchanges, node operators, and other crypto‑service providers to block transactions linked to those addresses, while seeking public tips to help disrupt the laundering of the assets.
US Treasury sanctions North Korean crypto fraud network funneling $800M to weapons programs
On March 12, 2024 the U.S. Treasury Department, via OFAC, sanctioned six individuals and two companies linked to a North Korean cryptocurrency fraud operation that moved roughly $800 million to support Pyongyang's weapons programs. The network placed North Korean nationals as remote IT workers in Western firms, used stolen credentials to siphon salaries, and converted the funds into crypto through firms such as Amnokgang Technology Development Company and Quangvietdnbg International Services Company Limited. Key perpetrators including Yun Song Guk, Hoang Minh Quang, and others were identified for managing the scheme and processing illicit transactions. The sanctions aim to disrupt the flow of illicit cryptocurrency to the North Korean regime.