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.

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