Lazarus Group Moves $30M Through Hyperliquid

The North Korean hacking syndicate Lazarus Group has allegedly moved approximately $30 million in cryptocurrency through the decentralized trading platform Hyperliquid to major exchanges, according to analysis by Arkham.

The funds entered Hyperliquid as Bitcoin and were then swapped into Ethereum and Solana. From there, they were bridged to other networks and transferred to several exchanges, including KuCoin and Kraken.

This laundering pattern is consistent with Lazarus Group's known tactics, which often involve rapid cross-chain swaps and the use of decentralized platforms to obscure the trail before converting assets to fiat or other cryptocurrencies.