North Korea’s Bitcoin Bonanza: CZ’s Witty Take on a Billion-Dollar Heist! 💰😂

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In the grand theater of cryptocurrency, where fortunes are made and lost with the flick of a digital switch, one Changpeng Zhao—known affectionately as CZ—has graced us with his musings on a rather curious affair. The former CEO of Binance, now a mere shadow of his former self yet still the largest shareholder, has turned his gaze upon the audacious exploits of North Korean hackers.

Ah, the Lazarus Group! A name that evokes both dread and a chuckle, for they now possess a staggering sum of Bitcoin, exceeding a billion dollars. Indeed, they have ascended to the lofty heights of being the third largest state holder of Bitcoin in this brave new world.

CZ’s Witty Remarks on North Korea’s “Crypto Reserve”

Our dear friend @Berit1p, a member of the Binance product advisory council, has shared a delightful screenshot from Arkham Intelligence, revealing the astonishing Bitcoin hoard of the Lazarus Group. With a jaw-dropping total of $1.16 billion—13,518 BTC, to be precise—North Korea has secured its place in the crypto hall of fame, right behind the illustrious United States and the United Kingdom.

Speaking of the UK, it seems their government holds a rather respectable 61,245 BTC, valued at a cool $4,055,461,003. One cannot help but chuckle at the tale of how the UK metropolitan police confiscated 61,000 BTC from two gentlemen, Jian Wen and Zhimin Qian, who had the audacity to hide their ill-gotten gains from the watchful eyes of Chinese authorities. Ah, the irony of it all!

As for our friends across the pond, the US government boasts a crypto treasure trove worth $16,928,463,649.57, including not just Bitcoin but a veritable cornucopia of digital assets: ETH, BNB, WBTC, TRX, and SAND. The US holds a staggering 198,109 BTC, valued at $16.52 billion. One must wonder, do they keep it in a vault or under a mattress?

Different ways to build a strategic crypto reserve. 😂

— CZ 🔶 BNB (@cz_binance) March 17, 2025

In a moment of levity, CZ quipped about the aforementioned tweet, remarking, “Different ways to build a strategic crypto reserve,” accompanied by a delightful emoji that suggests he finds the whole affair rather amusing.

CZ’s Cautionary Words on Minting New Crypto

Earlier today, our visionary CZ took to Twitter once more, issuing a warning to developers about the perils of minting new coins without the requisite “scale.” His thoughts, though perhaps unpopular, shed light on the relationship between AI agents and the utility of existing cryptocurrencies.

“While crypto is the currency for AI, not every agent needs its own token,” he proclaimed, suggesting that existing cryptocurrencies are more than sufficient for AI agents to collect fees for their services. “Launch a coin only if you have scale. Focus on utility, not tokens,” he advised, as if imparting wisdom from a digital oracle.

On AI agents, I have an unpopular opinion:

While crypto is the currency for AI, not every agent needs its own token.

Agents can take fees in an existing crypto for providing a service.

Launch a coin only if you have scale. Focus on utility, not tokens.🙏

— CZ 🔶 BNB (@cz_binance) March 17, 2025

Thus, CZ, with his characteristic blend of humor and sagacity, reminds us all that in the world of cryptocurrency, as in life, one must tread carefully and with purpose.

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2025-03-17 14:12