Hyperliquid's North Korean Money Laundry Exposed Amid Onshoring Push

North Korean hackers have laundered over $30 million in Bitcoin through Hyperliquid, an offshore derivatives exchange, over the past three weeks, according to blockchain analysis by Arkham.

This revelation comes as President Trump and the Commodity Futures Trading Commission (CFTC) attempt to bring the exchange within regulatory boundaries, which raises concerns about potential reputational damage, adoption, and token confidence.

The $30 million in Bitcoin laundered through Hyperliquid is a significant figure, considering it's part of a larger trend where North Korean hackers have been using crypto exchanges for illicit activities.