The North Korean state-backed hacker group Lazarus has overtaken Tesla in Bitcoin holdings. Lazarus now controls 13,441 BTC worth $1.14 billion, while Tesla holds 11,509 BTC.
Lazarus Group's Dominant Position
Notorious for cyber attacks, Lazarus Group continues to increase its Bitcoin holdings, surpassing companies like Tesla. This was achieved through significant thefts at the Bybit exchange.
Cyber Attacks and Massive Losses
The Lazarus Group has been in the news multiple times for high-profile cyber heists. A recent attack on Bybit resulted in the theft of $1.4 billion in Ethereum, later converted to Bitcoin, boosting their reserves.
Political Stance and US Situation
This development occurs as former US President Donald Trump pushes for the US to become a crypto superpower. Meanwhile, the US government holds 198,109 BTC, obtained through enforcement actions, as part of strategic reserves.
The situation around the Lazarus Group highlights a growing cyber threat in the crypto economy and changing US political approaches to Bitcoin. It will be interesting to see how other major players like Tesla respond to this challenge.
