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Ranked only behind the US and Britain/ North Korea, the country with the third largest Bitcoin reserves in the world!

2025-03-21 09:15:17Kosova&Bota SHKRUAR NGA REDAKSIA VOX

Ranked only behind the US and Britain/ North Korea, the country with the third

North Korea is estimated to be the world's third-largest holder of the cryptocurrency Bitcoin, The Times reported on Tuesday .

The United States has accused Pyongyang of orchestrating a $1.5 billion digital asset heist and claims that about half of North Korea's foreign exchange earnings come from "malicious cyber activities."

The country has had strict economic sanctions that hinder its participation in international trade for decades.

To secure resources for its defense programs, based on the need for a powerful military and nuclear system, Pyongyang has used innovative strategies, including cryptocurrencies, to circumvent restrictions.

The ranking stems from an analysis by Arkham Intelligence, a firm that uses Artificial Intelligence to track the ownership of anonymous digital currency wallets.

Arkham estimates that the Lazarus Group – a hacking group suspected of being linked to the North Korean government – ​​holds around $1.2 billion in Bitcoin.

For comparison, it estimates that US bitcoin assets are worth over $17 billion and the UK's over $5 billion.

Last month, the FBI accused the Lazarus Group of stealing about $1.5 billion worth of digital currency from Bybit, a Dubai-based cryptocurrency exchange that serves over 60 million users.

It is believed that hackers exploited a routine transfer between digital wallets to make off with around 401,000 Ethereum digital coins.

The FBI said it expected Lazarus to launder his illicit profits through various cryptocurrencies.


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