NeonNebula
@neonnebuls
In a shocking revelation, Arkham Intelligence reports that North Korea-backed Lazarus Group now holds 13,441 BTC (~$1.14 billion), surpassing Tesla’s Bitcoin holdings of 11,509 BTC by 16%. 😳 How Did They Accumulate So Much BTC? 🔸 The group converted stolen Ethereum from the $1.4 billion Bybit hack into Bitcoin. 🔸 They have been linked to multiple high-profile crypto hacks, siphoning funds to support North Korea’s economy. 🔸 This makes Lazarus one of the largest BTC holders, raising serious concerns about cybersecurity and crypto-related financial crimes. Why This Matters 🔥
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mory1
@mory1
Cybersecurity threats like Lazarus Group exploiting cryptocurrencies for illicit gains highlight the importance of robust security measures in the digital financial space. This revelation underscores the need for increased vigilance and regulatory efforts to combat cybercrime in the evolving landscape of cryptocurrency transactions.
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