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North Korea Among Top Bitcoin Holders With $1.15 Billion BTC Stash

  • North Korea's Lazarus Group has accumulated over $1.15 billion worth of Bitcoin (BTC) following the recent hack of crypto exchange Bybit.
  • This makes North Korea one of the largest Bitcoin holders in the world, surpassing nations like El Salvador and Bhutan.
  • The hack resulted in the loss of $1.5 billion in Ethereum (ETH) and the funds were laundered through different platforms, with the majority converted to Bitcoin via THORchain.
  • The accumulation of Bitcoin by North Korea is seen as an illegal activity, unlike other countries that have established crypto asset reserves through legitimate means.

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