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North Korea Becomes Third-Largest Bitcoin Holder Amid Security Concerns

3/21/2025

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Summary

Story summary

North Korea has become the third-largest bitcoin holder, owning 13,580 BTC worth around $1.15 billion.
The Lazarus Group, a state-sponsored hacking entity, acquired these assets through extensive cyber thefts, including $1.6 billion in Ethereum from Bybit.
North Korea's bitcoin reserves exceed those of El Salvador and Bhutan, heightening global security concerns.
Approximately 40% of funding for North Korea's weapons programs is reportedly derived from cybercrime activities.

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Story summary

North Korea has become the third-largest bitcoin holder, owning 13,580 BTC worth around $1.15 billion.
The Lazarus Group, a state-sponsored hacking entity, acquired these assets through extensive cyber thefts, including $1.6 billion in Ethereum from Bybit.
North Korea's bitcoin reserves exceed those of El Salvador and Bhutan, heightening global security concerns.
Approximately 40% of funding for North Korea's weapons programs is reportedly derived from cybercrime activities.