OneKey CEO Warns North Korean Hackers May Target BlackRock's $63B Bitcoin ETF
The world's largest Bitcoin ETF, IBIT, could be the next major crypto target after Binance's $6.3B hack.
The world's largest Bitcoin ETF, IBIT, could be the next major crypto target after Binance's $6.3B hack. Bitcoin (BTC) is trading at ₹72,80,508 ($76,402.00), down 0.8% since this brief published. This is an original Token Times brief synthesising 2 outlets (Bitcoin.com, Crypto Economy), with their figures cross-checked, plus live market data, as of Fri, 30 Oct 2026 19:00:01 UTC.
The potential targeting of BlackRock's IBIT highlights the growing risks for institutional crypto products, with billions at stake and implications for mainstream adoption.
- BlackRock's IBIT holds ~815,000 BTC worth ~$63B, per multiple outlets.
- IBIT relies solely on Coinbase as custodian, raising security concerns.
- Bitcoin down 4.56% in 24 hours amid broader market decline.
Bitcoin.com and Crypto Economy both report that OneKey CEO Yishi Wang warned North Korean hackers could target BlackRock's IBIT, the world's largest Bitcoin ETF with $63 billion in assets under custody at Coinbase. While both outlets cite the same $63 billion figure for IBIT's holdings, Crypto Economy provides the specific BTC amount of approximately 815,000, a detail not mentioned in Bitcoin.com's coverage. Both agree on the connection to the recent Binance hack but differ slightly in emphasis, with Crypto Economy focusing more on the potential losses.
OneKey CEO Yishi Wang has warned that North Korean hackers may set their sights on BlackRock's IBIT, the world's largest 
Bitcoin ETF, following the recent $6.3 billion hack of Binance.
IBIT, which holds approximately 815,000 BTC valued at around $63 billion, relies solely on Coinbase as its custodian, according to multiple outlets. This custodial arrangement has raised concerns about the security of such a large concentration of Bitcoin under a single entity's control.
The warning comes after the massive Binance hack, which has heightened awareness of vulnerabilities in the crypto space. Wang's comments suggest that institutional products like IBIT could become prime targets due to the vast amounts of capital they manage.
The development highlights the ongoing security challenges facing the crypto industry, particularly as it attracts more institutional investors. The involvement of major financial institutions like BlackRock brings both credibility and risk to the sector.
In the current market context, Bitcoin is trading at $77,048, down 4.56% in the last 24 hours, amid a broader market decline. The total crypto market cap stands at $2.66 trillion, with a Fear & Greed index of 30 indicating a 'Fear' sentiment.
Since this brief published about 5 hours ago, Bitcoin (BTC) has moved from ₹73,42,066.95$77,048.00 to ₹72,80,508.25$76,402.00 — -0.84%.
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 Token Times'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, ₹34.15M 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 Token Times and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 BTC ≈ ₹7.67M (about $76,402.00), down 5.4% over 24 hours. The rupee itself trades about 5.4% above the official rate on the P2P market, so a Indian 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.
Token Times 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.
OneKey CEO Warns North Korean Hackers May Target BlackRock&# — questions & answers
How much Bitcoin does BlackRock's IBIT hold?
IBIT holds approximately 815,000 BTC, worth around $63 billion.
Who is the custodian for BlackRock's IBIT?
Coinbase is the sole custodian for IBIT's Bitcoin holdings.
Why might BlackRock's IBIT be targeted?
The ETF's large Bitcoin holdings and single custodian arrangement make it an attractive target for hackers.
How much is 1 Bitcoin worth in rupee today?
About ₹7.67M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $76,402.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is down 0.84% since this brief first published — trading at ₹72,80,508 ($76,402.00) now versus ₹73,42,067 ($77,048.00) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times 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 Token Times 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.