Overview

The Lazarus Group, a cybercriminal organization linked to North Korea, has reportedly surpassed Tesla in Bitcoin (BTC) holdings.

• As of now, the Lazarus Group possesses 13,441 BTC valued at approximately $1.14 billion, while Tesla’s holdings are 11,509 BTC.
• This follows a recent attack on the crypto exchange Bybit, where Lazarus drained $1.4 billion in ether, some of which has since been converted to Bitcoin.

Key Points

• Despite Tesla’s substantial Bitcoin assets, it has been outmatched by a North Korean hacker group.
• Tesla has been hoarding BTC for four years and remains the fourth-largest publicly traded entity by Bitcoin ownership.
• Recent comments from Donald Trump indicate a strong push for the U.S. to emerge as a leader in cryptocurrency, further highlighting the competitive landscape.

Lazarus Group Holdings Image showing Lazarus Group’s Bitcoin holdings (source: Arkham Intelligence)

Conclusion

The stark contrast between the holdings of Lazarus and Tesla raises questions about the security and ethical landscape of cryptocurrencies as companies and nations navigate this evolving terrain.