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The Lazarus Group, a North Korean cybercrime organization, holds 13,441 BTC, valued at $1.14 billion, exceeding Tesla's holdings and making them a major Bitcoin holder. This accumulation follows the theft of $1.4 billion in Ether from the Bybit exchange, some of which were converted to Bitcoin.
The group's Bitcoin is distributed across 9,117 wallets, complicating recovery efforts. Unlike Tesla, whose Bitcoin holdings have remained static since 2021, the Lazarus Group has been actively increasing its Bitcoin.
In comparison, the U.S. government holds over 198,000 BTC, worth over $16 billion, acquired through seizures from cybercrime enforcement. The Lazarus Group's actions highlight the difficulties in securing crypto exchanges and recovering stolen digital assets.
