Binance’s CZ shares a hot take on North Korean hacker Bitcoin data: 1.16 billion btc

Changpeng Zhao, better known within the Crypto community as CZ, the former CEO of Binance, which continues to be the biggest shareholder, has released a comment on the news of North Korean hacker Bitcoin Holdings.

The hacker community, known as the Lazarus Group, currently owns 1 billion worth of Bitcoin, making it the third largest state Bitcoin holder in the world.

CZ jokes about North Korea’s “cryptoprotected areas”

X user @Berit1p, a member of the Binance Product Advisory Council, shared a screenshot on the Arkham Intelligence page, showing Bitcoin Holdings for a North Korean hacker group called the Lazarus Group.

According to Arkham data, these North Korean government-backed hackers hold an astounding $1.16 billion, a staggering spurt of 13,518 BTC. @berit1p said that its massive North Korea is now the third largest Bitcoin holder in the government after the US and the UK, thanks to Bitcoin Stash.

According to the same data source, the UK government holds 61,245 BTC worth $4,055,461,003. Arkham revealed that in 2018, British metropolitan police confiscated 61,000 BTC from Jian Wen and Zhimin Qian. These gentlemen are said to have purchased BTC from the investment pyramid organized in China between 2014 and 2017 and hidden it from Chinese authorities. British police accessed Bitcoin in July 2021.

Regarding the US government, it currently holds $16,928,463,649.57 cryptos, including Bitcoin, as well as ETH, BNB, WBTC, TRX, and Sand. The total amount of Bitcoin held by 198,109 BTC is $16.52 billion.

CZ joked about the aforementioned tweet, adding “various ways to build a strategic crypto sanctuary” and “teasy faces of joy.”

CZ warns against creating new cryptography

In a tweet published earlier today, Binance Visionary CZ warned developers from creating new coins unless it was “scaled.” His posts constituted “unpopular opinions” about AI agents and the crypto utilities they may employ.

CZ tweeted, “While crypto is the currency of AI, not all agents need their own tokens.” He said existing cryptocurrencies are sufficient for AI agents to receive fees when they serve users. “Not all agents need their own tokens.”

“Only launch coins if you have scale. Focus on utilities rather than tokens,” CZ said.