4 days ago
The Lazarus Group, a hacking radical intimately associated with North Korean, holds much bitcoin (BTC) than Tesla (TSLA), the electrical car shaper led by Elon Musk, according to information from Arkham Intelligence.
At property time, Lazarus held 13,441 BTC worthy $1.14 billion, according to information root Arkham Intelligence. That's 16% much than Tesla's bitcoin stash of 11,509 BTC.
Last month, Lazarus Group struck crypto speech Bybit, draining $1.4 cardinal successful ether (ETH) from the platform. Recently, immoderate of the stolen funds person been converted into bitcoin, with 12,836 BTC distributed crossed 9,117 unsocial wallets, arsenic Bybit's CEO Ben Zhou confirmed.
Tesla acquired its bitcoin stash 4 years agone and has been HODLing ever since, making it the world's fourth-largest publically listed institution successful presumption of BTC holdings.
The striking opposition betwixt Tesla and Lazarus Group emerged adjacent arsenic President Donald Trump's affirmative stance connected cryptocurrency has sparked calls for accelerated BTC adoption among corporations and sovereign nations worldwide.
On Thursday, Trump reaffirmed his committedness to making the U.S. the "undisputed Bitcoin superpower and the crypto superior of the world." Against this backdrop, it volition beryllium absorbing to spot if Tesla and different U.S. corporations respond to being overshadowed by a North Korean hacker.
Meanwhile, the U.S. authorities holds 198,109 BTC worthy implicit $16 billion, representing coins seized successful enforcement actions. Trump precocious announced the aforesaid arsenic the strategical reserve.
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