RATE Group | North Korea’s Alleged $670M Cryptocurrency Stash in Question Amid Rumors of Kim Jong-Un’s Death
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North Korea’s Alleged $670M Cryptocurrency Stash in Question Amid Rumors of Kim Jong-Un’s Death

27 Apr North Korea’s Alleged $670M Cryptocurrency Stash in Question Amid Rumors of Kim Jong-Un’s Death

Posted at 07:24h in Cryptocurrency News by

North Korea is thought to hold some $670M in Bitcoin

The news has been buzzing with speculation surrounding Kim Jung-un, leader of North Korea. He missed the country’s Day of the Sun event on April 15, an important national holiday celebrating the ‘Eternal President’ Kim Il-sung.

Since then, many have speculated that Jong-un might be dead. China has reportedly dispatched a team of medics to tend to Kim Jung-un after botched heart surgery [Fox News].

North Korea’s Cryptocurrency Stash

If the rumors are true, then North Korea’s stability is in serious jeopardy. All the serious geopolitical implications notwithstanding, the country also holds a massive cryptocurrency stash. It may sell these assets off quickly if the leadership feels it is under threat.

In August 2019, a UN Security

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