OneKey CEO Warns BlackRock's Bitcoin ETF Could Be Next Target for North Korean Hackers
The CEO of OneKey has raised concerns about potential cyberattacks on BlackRock's IBIT ETF, which holds $63 billion in Bitcoin.
The CEO of OneKey has raised concerns about potential cyberattacks on BlackRock's IBIT ETF, which holds $63 billion in Bitcoin. Bitcoin (BTC) is trading at $76,886.00, down 0.2% since this brief published. This is an original TLT brief synthesising 2 outlets (Bitcoin.com, Crypto Economy), with their figures cross-checked, plus live market data, as of Fri, 30 Oct 2026 20:15:02 UTC.
This warning highlights the growing risks facing major crypto custodians and institutional investors, especially as North Korean hackers demonstrate increasing sophistication and aggression in targeting large crypto holdings.
- BlackRock's IBIT ETF holds $63B in BTC, making it a potential high-value target.
- IBIT relies on Coinbase as its sole custodian for Bitcoin holdings.
- North Korean hackers recently stole $6.3B from Binance, showing their capabilities.
Both Bitcoin.com and Crypto Economy report that OneKey CEO Yishi Wang warned North Korean hackers could target BlackRock's IBIT Bitcoin ETF, which holds approximately $63 billion in BTC and uses Coinbase as its sole custodian. The outlets agree on the core warning and the figures involved but differ slightly in emphasis, with Crypto Economy focusing more on the potential losses while Bitcoin.com emphasizes the threat to institutional crypto holdings.
OneKey CEO Yishi Wang has issued a warning that North Korean hackers may be targeting BlackRock's IBIT 
Bitcoin ETF, which holds nearly $63 billion in BTC, according to multiple outlets. This comes after the recent $6.3 billion hack of Binance, which demonstrated the hackers' capabilities and appetite for large-scale attacks.
IBIT, the world's largest Bitcoin ETF, relies on Coinbase as its sole custodian for its holdings of approximately 815,000 BTC. Wang's warning suggests that the ETF's massive size and centralized custody model could make it an attractive target for cybercriminals.
The warning underscores the increasing risks facing institutional crypto investors and custodians. As North Korean hacking groups become more sophisticated, they are targeting larger and more high-profile entities, posing significant challenges to the security of the crypto ecosystem.
The broader crypto market is currently experiencing a downturn, with Bitcoin trading at $77,048, down 4.56% in the last 24 hours and 5.58% over the past week. The total crypto market cap has fallen to $2.66 trillion, and the Fear & Greed Index stands at 30, indicating a 'Fear' sentiment.
The development highlights the need for enhanced security measures and risk management strategies for institutional crypto holdings. Investors and custodians will need to closely monitor the situation and consider additional safeguards to protect against potential threats.
Since this brief published about 6 hours ago, Bitcoin (BTC) has moved from $77,048.00 to $76,886.00 — -0.21%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Will Bitcoin dip to $75,000 in October?
Crowd-implied probability on Polymarket, $358.38K 24h volume, resolves Nov 1 — snapshotted when this brief published (Oct 30 18:05 UTC). A market price reflects what traders collectively expect; it is not a forecast by TLT and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 BTC ≈ ₦105.85M (about $76,886.00), down 4.3% over 24 hours. The naira itself trades about 2.3% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
1 key figure independently matched across 2 outlets reporting this story.
TLT extracts the figures each outlet reports and flags the ones that agree. Numbers cited by only one outlet are attributed in the brief, not shown as corroborated.
Figures and sectors in this story, checked live against on-chain aggregators · October 30, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
OneKey CEO Warns BlackRock's Bitcoin ETF Could Be Next T — questions & answers
Why is BlackRock's IBIT ETF considered a potential target?
IBIT holds $63 billion in BTC and relies on a single custodian, making it a high-value target for hackers.
What recent event prompted this warning?
The $6.3 billion hack of Binance, which demonstrated North Korean hackers' capabilities.
How much Bitcoin does IBIT hold?
IBIT holds approximately 815,000 BTC, according to reports.
How much is 1 Bitcoin worth in naira today?
About ₦105.85M at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $76,886.00. The naira price moves with both BTC's US-dollar price and the USDT/NGN rate; use our Bitcoin in naira page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is down 0.21% since this brief first published — trading at $76,886.00 now versus $77,048.00 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Bitcoin.com, Crypto Economy, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.