The Lazarus Group Surpasses Tesla in Bitcoin Holdings
The Lazarus Group, a hacker organization backed by North Korea, now holds more Bitcoin than Tesla, according to Arkham Intelligence data.
The group has accumulated 13,441 BTC, valued at approximately $1.14 billion, which surpasses Tesla’s holdings of 11,509 BTC by 16%. This milestone highlights the growing role of illicit entities in the crypto space, as Lazarus Group is infamous for its involvement in numerous cyberattacks, including a recent breach targeting crypto exchange Bybit, which saw the theft of $1.4 billion in Ethereum.
The stolen funds were later converted into Bitcoin, with over 12,800 BTC spread across thousands of wallets.
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Economist Slams Bitcoin Reserve, Warns of Investor Losses Under Trump The news of the Lazarus Group surpassing Tesla’s Bitcoin holdings is significant, especially as former U.S. President Donald Trump advocates for the U.S. to take the lead in crypto adoption. Trump has expressed a desire to position the country as the “undisputed Bitcoin superpower,” while also introducing plans to integrate Bitcoin into the country’s strategic reserves.
In contrast, the U.S. government now controls 198,109 BTC worth more than $16 billion, seized through law enforcement actions. As the geopolitical and corporate landscape evolves, it remains uncertain how major players like Tesla will respond to such developments, especially as they compete for dominance in the growing cryptocurrency market.
Alexander Stefanov
