Table content
The former head of Binance, Changpeng Zhao, also recognized as CZ, who remains a key stakeholder, has expressed his thoughts on the story concerning North Korean cybercriminals possessing a considerable quantity of Bitcoin.
A snapshot from Arkham Intelligence, disseminated by X user @Berit1p, an associate of Binance’s product advisory council, indicates that the Lazarus Group, a cybercriminal enterprise linked to North Korea, possesses an astounding $1.16 billion in Bitcoin, equating to 13,518 BTC. This considerable possession situates North Korea as the third-largest governmental possessor of Bitcoin, surpassed only by the United States and the United Kingdom.
To provide some context, the UK government possesses 61,245 BTC, assessed at over $4 billion. These Bitcoins were confiscated by the Metropolitan Police in 2018 from persons implicated in a Chinese investment Ponzi scheme.
**Disclaimer:** The perspectives articulated are exclusively those of the writer and do not embody U.Today’s viewpoints. Monetary and marketplace data is furnished for informational intentions exclusively. U.Today is not accountable for any monetary deficits sustained while exchanging cryptocurrencies. Execute your own investigation and confer with a monetary specialist before making any investment verdicts.
The American administration is presently in possession of a digital fortune totaling $16,928,463,649.57! This comprises Bitcoin, ETH, BNB, WBTC, TRX, and SAND. A considerable portion of that is Bitcoin, with the U.S. authorities possessing 198,109 BTC, estimated at an impressive $16.52 billion.
Changpeng Zhao (CZ), the Binance chief, couldn’t help but remark on this, posting, “Various methods to establish a calculated digital reserve,” accompanied by a “joyful tears” emoticon.
## CZ’s Digital Development Warning
In another post, CZ cautioned coders against introducing fresh digital currencies unless they possess substantial magnitude. He conveyed his “contentious viewpoint” on the practicality of AI entities possessing their own digital tokens.
CZ asserted that while digital currency is the means of exchange for AI, not every entity requires its own token. Existing digital currencies are adequate for AI entities to demand payment for their offerings. He stressed concentrating on usefulness rather than merely generating a token, suggesting, “Only introduce a token when you have magnitude.”
