Lazarus Group Moves $30 Million in Crypto Through Hyperliquid
The Lazarus Group, linked to North Korea, has moved approximately $30 million in cryptocurrency through Hyperliquid. According to data cited by Arkham, this amount was initially held in Bitcoin before being converted into Ethereum or Solana. The assets were then bridged across multiple blockchain networks and deposited with several cryptocurrency exchanges and unidentified Tron-based services.
The Lazarus Group has been associated with North Korea and linked to a series of major digital asset thefts. This latest movement adds to ongoing scrutiny of cryptocurrency transactions associated with the group. Cross-chain transfers allow digital assets to move between different blockchain networks, creating a more complicated trail for investigators to follow.
Blockchain intelligence firms analyze publicly available transaction records to reconstruct such movements and associate wallet addresses with known entities or services. The reported $30 million movement does not establish that the funds were ultimately converted into fiat currency or withdrawn from the identified exchanges.