OneKey CEO Raises Hypothetical North Korea Risk to BlackRock’s Bitcoin ETF

OneKey founder and CEO Yishi Wang raised a hypothetical cyber risk to BlackRock’s iShares Bitcoin Trust ETF (IBIT), which holds Bitcoin (BTC), on Oct. 30, a day before the FBI attributed a Binance theft to North Korea. At 1:42 a.m. ET (5:42 a.m. UTC) that day, Wang wrote, “I suspect IBIT is already on North Korea’s shortlist.” His post expressed suspicion and presented no evidence of an active effort against the fund. On Oct. 31, the FBI said North Korea was responsible for stealing more than $6 billion in virtual assets from Binance on or about Oct. 29 and identified the activity as TraderTraitor. The incident’s estimated impact was about $6.3 billion, with roughly $3 billion frozen on-chain.

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