North Korea's Ascension in Bitcoin Holdings:

North Korea has emerged as the third-largest holder of Bitcoin globally, surpassed only by the United States and the United Kingdom. This position results from the cyber-hacking group Lazarus, which accumulated approximately 13,580 Bitcoin, valued at £886 million. A notable heist involved the cryptocurrency exchange Bybit, where over £1.2 billion in Ethereum was stolen. These cyber activities are believed to fund North Korea's military programs, with estimates suggesting up to 40% of its nuclear program is financed through such means.

Also, 🇰🇵 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.

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