**North Korea Becomes the 5th Largest Bitcoin Holder in the World**
According to Bitcoin Treasuries, North Korea ranks fifth as the largest holder of Bitcoin (BTC) in the world. This increase occurred after the Lazarus Group converted Ethereum stolen from Bybit into Bitcoin. As a result, North Korea holds 13,562 Bitcoin equivalent to US$1.12 billion.
The surge in Bitcoin ownership by North Korea has successfully displaced Bhutan and El Salvador. This certainly attracts the attention of the crypto community, especially following the hacking incident of Bybit by the Lazarus Group.
Meanwhile, the first position is still held by the United States (US) with 198,109 Bitcoin or worth US$16.71 billion. Next, there is China in second place with 190,000 Bitcoin. Following them are the UK and Ukraine with 61,245 Bitcoin and 46,351 Bitcoin respectively.
Blockchain tracking companies also reported that US$300 million from the Bybit hack has been liquidated, despite efforts to freeze the funds.
