Bybit wins US court order over hacked funds
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- Bybit has received US court support to trace funds linked to a US$1.5 billion crypto hack.
- The court order allows the exchange to seek information that could help identify and recover stolen assets.
- The case highlights the growing use of US courts in major crypto theft investigations.
Bybit has received support from a US court to trace funds linked to a US$1.5 billion crypto hack.
The court order allows Bybit to seek information that could help identify and recover stolen assets.
Bybit said the ruling supports its efforts to track funds moved through cryptocurrency networks.
The company said investigators are following blockchain transactions linked to the hack.
The order may help Bybit request records from third parties connected to the movement of the funds.
Crypto exchanges increasingly use court orders and blockchain analysis to investigate large thefts.
Bybit said its recovery efforts will depend on legal cooperation, blockchain tracing, and actions by other parties.
