According to Bitcoin Treasuries, North Korea has entered the top five as one of the largest holders of Bitcoin (BTC) in the world. This increase follows the Lazarus Group’s conversion of stolen Ethereum from Bybit into Bitcoin. As a result, North Korea now holds 13,562 Bitcoin, equivalent to $1.12 billion.
This surge in Bitcoin ownership has allowed North Korea to surpass Bhutan and El Salvador, drawing significant attention from the crypto community, especially after the Lazarus Group’s hack of Bybit.
The United States (US) remains in first place with 198,109 Bitcoin, valued at $16.71 billion. China holds the second position with 190,000 Bitcoin, followed by the United Kingdom and Ukraine with 61,245 and 46,351 Bitcoin, respectively.
Blockchain tracking firms have also reported that $300 million from the Bybit hack has been liquidated, despite efforts to freeze the funds.
Image Source: The Coin Rise
