North Korea accumulated more than a billion dollars in Bitcoin (BTC) after the recent penetration of the Crypto Exchange bybit, which saw more than $ 1.5 billion taken from the platform portfolios.
North Korea among the best countries to carry Bitcoin
The Lazarus group in North Korea has become one of the largest Bitcoin holders in the world after the huge premit penetration on February 21. Arkham data shows that the North Korean piracy group has accumulated a large amount of encryption through its exploits.
According to the data, the Lazarus Group now owns 13,518 Bitcoin, at a value of $ 1.15 billion at current prices, with most of these holdings added last month. The data platform on the series shows that from February 22 to February 24, the piracy group added about 13,000 BTC and kept more than 14,000 bitcoins, at a value of about $ 1.5 billion, until last week.
Lazarus Group's BTC holdings. Source: Arkham
For context, BYBIT, one of the largest encryption exchanges, has suffered from the largest record in the record for almost a month. Dubai -based stock exchange has lost $ 1.5 billion in ETHEREUM (ETH) at the hands of the North Korean Piracy Group, and the FBI and various security platforms.
The infiltrators began to laundering money through various platforms, as it fled about 400,000 ETH to Bitcoin via Thorchain by March 3. As the Intellenge Blockchain TMR platform Make up“The North Koreans ended the first stage of washing bybit penetration returns.
As a result, North Korea has now exceeded other Bitcoin countries such as El Salvador and Bhutan, which has 6,118 BTC and 10,634 BTC, respectively. Moreover, their BTC holdings are now sitting behind the United States 198,109 BTC and 61,245 BTC in the UK.
BTC strategic reserves funded by exploits?
The reaction of the co -founder of Binance, Changpeng Zhao, known as CZ, was on the X.
“Various ways to build a strategic encryption reserve,” CZ IndicateNoting that, unlike the higher governments that acquired BTC through purchases or seizures, North Korea has accumulated encryption hideouts through illegal activities.
However, many members of society consider that the Chic Chic proposal to use you is a reasonable form in the global batch of creating coding reserves at the national level. As Bitcoinist reported, US President Donald Trump recently signed an executive order to create SBR with BTC seized in the country and “Digital Asset stock”.
This initiative has received great support from Republican legislators who have provided many legislation to record the presidential executive order and create encryption reserves at the national level and the state.
Meanwhile, other countries remained skeptical in developing SBR. Recently, the President of the Swiss National Bank (SNB) rejected the idea of adding BTC to its national reserves, noting its price fluctuations as a great magnitude.
Likewise, the Korea Bank recently open He “has not been discussed and has not reviewed the potential inclusion of Bitcoin in foreign currency reserves” and that “a cautious approach is needed” due to the fluctuation of assets.
Bitcoin is trading at $82,976 in the one-week chart. Source: BTCUSDT on TradingView
Distinctive photo of Unsplash.com, Chart from Tradingview.com
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