US court filing via CourtListener RECAP: United States v. 2,248,478.272519 USDT In Funds Associated With Four Virtual Currency Addresses
ByBit hack proceeds laundered through Target Address #4 controlled by Professional Money Laundering Organizations · February 2025
Additionally, Target Address #4 laundered over 12,000 USDT of funds stolen as part of the February 2025 ByBit Hack, a theft of approximately $1.5 billion in virtual assets from the cryptocurrency exchange ByBit. Virtually all individuals who used cryptocurrency regularly were aware of the hack, which was conducted by a "TraderTraitor" campaign waged by the Democratic People's Republic of Korea ("North Korea"). [Case No. 1:26-cv-02862, U.S. District Court for the District of New Mexico; filing: COMPLAINT For Forfeiture In Rem against 2,248,478.272519 USDT In Funds Associated With Four Virtual Currency Addresses]