Crypto
Lazarus Group Exposes Hyperliquid's Screening Gap in $30M Bitcoin Sale
The North Korean state-sponsored hacking unit, Lazarus Group, sold over $30 million in Bitcoin on Hyperliquid this week, exposing a screening gap that complicates the Trump administration's push to bring the platform under U.S. oversight.
Lazarus Group was previously blamed for the March 2022 Ronin Bridge breach, which drained $625 million.
Decentralized venues like Hyperliquid allow holders to swap assets or exit into stablecoins without identity verification screening, creating a risk of money laundering.
The gap is structural: centralized platforms require identity verification and know-your-customer checks before large withdrawals clear, but decentralized exchanges do not.