OneKey Founder Warns BlackRock Bitcoin ETF Could Be North Korean Target
Current overview (not historical)
OneKey founder Yishi Wang warned that North Korean hackers could target BlackRock's iShares Bitcoin Trust (IBIT), a $62 billion Bitcoin ETF, due to its massive fund size. Wang cited the $6 billion Binance hack, which US authorities attributed to North Korea's TraderTraitor operation, as evidence that IBIT may already be on Pyongyang's shortlist. The warning highlights the growing cybersecurity risks facing major cryptocurrency investment products as their valuations and institutional adoption increase.
Written with AI from the reporting · updated 11/1/2026
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- 1Unclassified fact stationNov 2, 00:00recorded Nov 2, 00:51single sourcerevised
OneKey founder warns BlackRock's Bitcoin ETF could be a Nort
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- Subject：
- Yishi Wang
- Action：
- warned that IBIT could be targeted by North Korean hackers
- Object：
- BlackRock's Bitcoin ETF (IBIT)
- Occurred (fact side)：
- Nov 2, 00:00
- Published (valid side)：
- Nov 2, 00:30
- First seen (known side)：
- Nov 2, 00:51
Fact stationSingle source · one-sided claimRevisedCopy may have been revised later; time replay is bounded. Layer labels group reading only, not causation between layers.
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- CryptoSlateRelated fact: single sourceSource report revisedOneKey founder warns BlackRock's Bitcoin ETF could be North Korean target
Report first recorded Nov 2, 00:51
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.
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