North Korean Lazarus Group Now Holds More Bitcoin Than Tesla

Lazarus overtakes Tesla in BTC holdings

Lazarus overtakes Tesla in BTC holdings. Image: Shutterstock.

The Lazarus Group, a cybercrime entity linked to North Korea, currently holds more Bitcoin than Tesla. According to data from Arkham Intelligence, Lazarus holds 13,441 BTC, valued at approximately $1.14 billion. That’s 16% more than Tesla’s holdings of 11,509 BTC.

$1.4B hack on Bybit converted into Bitcoin

Last month, Lazarus carried out an attack on crypto exchange Bybit, stealing $1.4 billion worth of ether. Some of the stolen ETH has since been converted into Bitcoin. Bybit CEO Ben Zhou confirmed that 12,836 BTC has been distributed across 9,117 unique wallets.

Tesla slips despite early adoption

Tesla, led by Elon Musk, began acquiring Bitcoin four years ago and has continued to hold its position, making it the fourth-largest publicly listed company by BTC holdings. Despite this, it has now been surpassed by a North Korean hacker group.

Trump promises U.S. crypto dominance

Meanwhile, Donald Trump has reaffirmed his goal of making the United States the “undisputed Bitcoin superpower and the crypto capital of the world.” The U.S. government currently holds 198,109 BTC, worth over $16 billion, from coins seized in enforcement actions. Trump recently referred to this as a strategic reserve.

Latest Crypto Casino Bonuses

Kryptosino

Crypto Welcome Bonus:
200% Wager Free Bonus
Up to $400
0x Wagering requirement

Read Review

Get Bonus

18+ | Play Responsibly | Gambleaware.org | Terms & conditions apply

OhMyZino

Welcome Bonus:
100% Welcome Bonus
Up to $1000
45x Wagering requirement

Read Review

Get Bonus

18+ | Play Responsibly | Gambleaware.org | Terms & conditions apply

*Gambling should be fun and entertaining, but it also carries risks. Please play responsibly and only wager what you can afford to lose. If you ever feel that gambling is becoming a problem, seek help from organizations like BeGambleAware or Gamblers Anonymous.

This site is intended for users 18+ (or the legal gambling age in your jurisdiction). Always check your local laws before playing.

Liam Anderson

Liam is an igaming industry expert with over a decade of experience in game development and casino operations. At Bonustly, he provides players with honest and insightful reviews, drawing from his deep understanding of how the industry works behind the scenes. He personally tests every casino he reviews, ensuring fairness, transparency, and value for players. By staying on top of industry trends, he delivers up-to-date and reliable information on the ever-evolving world of Crypto Casinos.