UPDATE: US court authorizes Bybit's bid to trace $1.5B North Korea-linked hack, but 90% of funds already untraceable

A US court order supporting Bybit's efforts to trace a reported $1.5B North Korea-linked hack underscores escalating legal and compliance pressure across centralized exchanges and on-chain liquidity venues. The claim that ~90% of funds are already untraceable highlights limits of recovery and raises counterparty and operational risk concerns, which can weigh on near-term crypto risk appetite and trading conditions.