Lazarus Group Exploits Hyperliquid Screening Gap in $30M Bitcoin Sell-Off

The North Korean state-sponsored hacking unit Lazarus Group sold over $30 million in Bitcoin on Hyperliquid, a decentralized exchange for perpetual futures, this week.

This move has exposed a screening gap that complicates the Trump administration's push to bring the platform under U.S. oversight.

Lazarus was blamed for the March 2022 Ronin Bridge breach, which drained $625 million. The group typically routes stolen funds through exchanges and mixing services before cashing out.

Hyperliquid's lack of identity verification screening makes it an attractive venue for illicit activity.