Well, let me tell you about the Lazarus Group. These North Korean hackers just became one of the biggest Bitcoin whales out there. We’re talking about 13,518 BTC, worth over $1.13 billion.
That’s right, they’re now a major player, bigger than some countries like Bhutan and El Salvador.
Every cent goes into Bitcoin
So, how did they get so big? Well, they pulled off the largest crypto heist in history, the $1.5 billion Bybit hack.
And now, they’re converting their stolen Ethereum into Bitcoin. It’s like they’re playing a game of crypto musical chairs, but with billions on the line.
And it’s not just Bitcoin, they’ve also got a stash of Ethereum, BNB, and other stablecoins.
BREAKING 🚨NEWS: North Korea’s Lazarus group has converted the stolen $ETH to $BTC after the Bybit hack, now holding 13,562 $BTC worth around $1.12B per data from @arkham. pic.twitter.com/DdNbcKd3oT
— Jason Ai. Williams (@GoingParabolic) March 17, 2025
Financing
But here’s the thing, this isn’t just about crypto. It’s about geopolitics. North Korea’s been using these stolen funds to fuel its ballistic missile program.
That’s right, guys. Your re-distributed crypto is helping fund a nation’s military ambitions. And it’s not just Lazarus, North Korea’s been stealing over $6 billion in crypto since 2017.
And if you thought that was bad, Lazarus is getting more sophisticated. They’re deploying new malware to steal crypto credentials and install backdoors.
It’s like they’re playing a game of cat and mouse with cybersecurity firms. But hey, at least OKX is fighting back. They’ve suspended their DEX aggregator and are tracking these hackers down.
Catch me if you can
How is this affects the average users? The crypto world is indeed a wild west, and you’ve got to be ready for anything.
These hackers are like ghosts in the machine, always one step ahead. But hey, at least we’re watching.
And who knows? Maybe someday we’ll take back control from these crypto bandits. Until then, stay aware, guys. In this game, you can’t afford to blink.
Have you read it yet? Cardano and Natural Gas futures are coming to Coinbase
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