Crypto

North Korea is rolling in bitcoin. Only the US and UK have more

Published

8 months ago

March 18, 2025

North Korea is rolling in bitcoin. Only the US and UK have more

North Korea is believed to hold the world’s third-largest reserve of government-owned bitcoin, following a US$1.5 billion cryptocurrency heist linked to state-backed hackers.

According to cryptocurrency portal Bitcoin.com, North Korea’s government now owns 13,562 bitcoin, valued at around US$1.14 billion, based on data from crypto-security firm Arkham Intelligence.

That means it trails only the United States, which held 198,109 coins as of January, and Britain with 61,245 coins, according to Arkham.

On February 21, the Lazarus Group, a hacker syndicate believed to be backed by the North Korean government, stole tokens worth US$1.5 billion from Dubai-based trading platform Bybit, according to the US Federal Bureau of Investigation. The hack has been called the largest cryptocurrency theft in history.

North Korea has trained an army of IT workers and hackers who operate at home and abroad. Photo: Shutterstock

Reports indicate that the tokens taken by the group were primarily ethereum, with a large amount later converted into bitcoin, according to Bitcoin.com.

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Crypto

Wisdomtree Taps BNY Mellon to Power Onchain Banking With Tokenized Assets

Published

15 hours ago

October 29, 2025

Press Room

Wisdomtree Taps BNY Mellon to Power Onchain Banking With Tokenized Assets

Traditional finance and blockchain are converging faster than ever as major institutions embrace tokenized real-world assets, setting the stage for a massive transformation in digital finance and opening new frontiers for seamless onchain investing.

Crypto

Stablecoins are a shaky proposition for your savings. Here’s what to know.

Published

1 day ago

October 28, 2025

Press Room

Stablecoins are a shaky proposition for your savings. Here’s what to know.

Outside the Box

This so-called ‘safer’ cryptocurrency offers some advantages to investors. But can you trust the providers?

Last Updated: Oct. 28, 2025 at 10:36 a.m. ET
First Published: Oct. 28, 2025 at 9:00 a.m. ET

Stablecoin, the purportedly “safer” version of cryptocurrency, is having its moment. On the heels of the GENIUS Act, which Congress passed last July, the value of all stablecoins is now more than $300 billion — roughly 7% of all crypto in circulation.

Stablecoin’s run is even more impressive given that its stability is overrated. Safety and security as an asset vary widely by issuer, and stablecoins offer little benefit to crypto investors and almost nothing to non-crypto investors.

Crypto

Strategy Makes History With S&P’s Credit Rating of a Bitcoin Treasury Company

Published

2 days ago

October 27, 2025

Press Room

Strategy Makes History With S&P’s Credit Rating of a Bitcoin Treasury Company

Bitcoin’s march into mainstream finance just hit a landmark moment as a major credit agency officially rated a bitcoin treasury firm, signaling a seismic shift in how traditional markets recognize digital assets as strategic reserves.