Lazarus Group Moves $30M on Hyperliquid Amid US Regulatory Talks
Wallets linked to North Korea's Lazarus Group have sold over $30 million in Bitcoin on Hyperliquid, a decentralized exchange platform, over the past three weeks. The transactions were detected by Arkham blockchain data and involved converting the Bitcoin into Ethereum and Solana before transferring them to centralized exchanges such as Kraken, LBank, and KuCoin.
The Lazarus Group is a state-sponsored hacking group that has been linked to several high-profile digital-asset thefts, including the $625 million Ronin Network attack in 2022. The US Treasury Department has sanctioned the group, making any transactions involving their assets a potential concern for regulators.
Kraken and LBank said they have compliance procedures in place to identify and block sanctioned wallets, but KuCoin could not confirm the reported activity without reviewing underlying wallet data.