North Korea has ascended to the position of the third largest Bitcoin holder, now possessing 13,521 BTC valued at $1.14 billion, due to the theft from Bybit. The Lazarus Group, known for extensive crypto thefts, continues to exploit vulnerabilities, further emphasizing the risks surrounding cryptocurrency security.
North Korea has recently become the third largest holder of Bitcoin, following the theft of $1.5 billion in cryptocurrencies from the Bybit exchange. This positions the Democratic People’s Republic of Korea (DPRK) behind only the United States and the United Kingdom in terms of Bitcoin holdings.
The rise of North Korea to a prominent position among Bitcoin holders highlights the increasing role of cybercrime in funding state activities. The activities of the Lazarus Group raise serious concerns regarding cryptocurrency security and the implications of state-sponsored cyber theft. As North Korea continues to engage in such practices, their impact on the global cryptocurrency landscape cannot be overlooked.
Original Source: itc.ua
