OneKey founder warns BlackRock's Bitcoin ETF could be North Korean target

OneKey founder Yishi Wang warns that North Korean hackers could target BlackRock's $62 billion Bitcoin ETF, IBIT, following the $6 billion Binance hack attributed to North Korea's TraderTraitor operation. Wang cites the February 2025 Bybit hack, where attackers compromised a developer's computer to manipulate transaction approvals and steal $1.5 billion without extracting private keys. With over 80% of US Bitcoin ETF assets held by Coinbase as custodian, and IBIT holding nearly 4% of Bitcoin's total supply, the fund represents a high-value target. Coinbase has implemented precautionary changes to its offline storage infrastructure following the Binance breach.