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North Korea surpasses El Salvador and Bhutan in BTC holdings following $1.4 billion Bybit hack: Arkham

- North Korea’s hacker group Lazarus currently owns 13,518 BTC, an amount larger than those held by the governments of Bhutan or El Salvador.
- Lazarus stole around $1.4 billion from Bybit exchange last month.

The Democratic People's Republic of Korea has become one of the largest nation-state holders of bitcoin, with the amount surpassing that of Bhutan or El Salvador.

This ranks North Korea above Bhutan, which owns 10,635 BTC, and El Salvador, with 6,118 BTC. Bhutan has accumulated its holdings through its extensive domestic bitcoin mining strategy, while El Salvador has continued to buy bitcoin since it proclaimed the cryptocurrency as its legal tender in 2021.

https://www.theblock.co/post/346553/north-korea-surpasses-el-salvador-and-bhutan-in-btc-holdings-following-1-4-billion-bybit-hack-arkham