Maybe the death of Kim Jong Un: What will happen to his huge supply of cryptocurrencies

The world’s media speculates on whether Kim Jong Un is dead. According to some reports, he had a heart failure during the operation. North Korea would suddenly find itself without a leader who, among other things, owns 670 million US dollars in various cryptocurrencies. That’s why there was a debate on Twitter about what would happen to his cryptocurrencies.

Is Kim Jong Un dead? And what about his cryptocurrencies?

It is well known that North Korea owns large assets in cryptocurrencies. Most of it is in the hands of the leader of this socialist country.

In addition, Korea also has an extensive network of hackers which, stand behind a number of successful attacks on cryptocurrency exchanges. According to official UN reports, hackers were supposed to cut up to 2 billion US dollars. Some Security Council reports say the state is using stolen cryptocurrencies to fund its nuclear research.

There was an extensive discussion on the social network Twitter about what will happen to cryptocurrencies in the event of his death. Russian Market’s post talks about a slump. Gained over 1200 likes and thousand people commented it. However, experts rather believe that cryptocurrencies will disappear forever.

North Korea has $670 million in bitcoin

– North Korea news should trigger big selloff in Bitcoin (if Kim’s death confirmed)

https://t.co/auEIW2ezLP

— Russian Market (@russian_market) April 25, 2020

You should be interested in: BTC halving could cause market manipulation – Miners can artificially inflate the price!