North Korea-Linked Lazarus Group Holds More BTC Than Elon Musk’s Tesla

The Lazarus Group, a hacking group carefully related to North Korean, holds extra bitcoin (BTC) than Tesla (TSLA), the electrical automobile producer led by Elon Musk, in response to information from Arkham Intelligence.

At press time, Lazarus held 13,441 BTC value $1.14 billion, in response to information supply Arkham Intelligence. That’s 16% greater than Tesla’s bitcoin stash of 11,509 BTC.

Last month, Lazarus Group struck crypto trade Bybit, draining $1.4 billion in ether (ETH) from the platform. Recently, a few of the stolen funds have been transformed into bitcoin, with 12,836 BTC distributed throughout 9,117 distinctive wallets, as Bybit’s CEO Ben Zhou confirmed.

Tesla acquired its bitcoin stash 4 years in the past and has been HODLing ever since, making it the world’s fourth-largest publicly listed firm when it comes to BTC holdings.

The placing distinction between Tesla and Lazarus Group emerged whilst President Donald Trump’s constructive stance on cryptocurrency has sparked requires accelerated BTC adoption amongst companies and sovereign nations worldwide.

On Thursday, Trump reaffirmed his dedication to creating the U.S. the “undisputed Bitcoin superpower and the crypto capital of the world.” Against this backdrop, it is going to be fascinating to see if Tesla and different U.S. companies reply to being overshadowed by a North Korean hacker.

Meanwhile, the U.S. authorities holds 198,109 BTC value over $16 billion, representing cash seized in enforcement actions. Trump lately introduced the identical because the strategic reserve.

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