Share this article
FBI Seeks Crypto Industry Help to Track, Block Laundering of Bybit Hack Funds
The FBI reiterated North Korean involvement, and identified the activity as TraderTraitor.
Feb 27, 2025, 9:30 a.m.
What to know:
- The FBI asked for crypto industry help in tracking and blocking transactions intended to launder the $1.5 billion stolen from Bybit by North Korean hackers.
- The law-enforcement agency referred this particular North Korean cyber activity as "TraderTraitor."
- The FBI published a list of Ethereum addresses that are holding or have held assets from the theft.
The Federal Bureau of Investigation (FBI) asked for crypto industry help in tracking and blocking transactions intended to launder the $1.5 billion stolen from Bybit by North Korean hackers.
The FBI published a list of Ethereum addresses that are holding or have held assets from the theft in a public service announcement on Wednesday. The announcement reiterated the country's involvement and labeled it a TraderTraitor activity.
STORY CONTINUES BELOW
The hack had already been attributed to the North Korea-linked Lazarus group by blockchain analytics firms. The ether and ETH staking tokens were stolen in the largest ever hack of a crypto exchange last week.
The illicit actors are converting some of their stolen assets to bitcoin and other cryptocurrencies "across thousands of addresses on multiple blockchains," the PSA said. The FBI said it expects the assets to be laundered further and eventually converted to fiat currency.
Read More: Bybit Declares ‘War on Lazarus’ as It Crowdsources Effort to Freeze Stolen Funds
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
State of Crypto: Policymakers Dominated Most Influential 2025
CoinDesk is unveiling its annual list of the individuals who have shaped the crypto industry and the discourse around it this year.
Top Stories
