Lazarus Group Sells $30 Million on Hyperliquid Amid Money-Laundering Concerns

The North Korea-linked hacking group Lazarus Group has sold more than $30 million of Bitcoin on Hyperliquid over the past three weeks, raising concerns about money laundering.

According to blockchain analytics firm Arkham, wallets tied to Lazarus used the proceeds from the Bitcoin sales to buy Ether and Solana, which were then moved to centralized exchanges including Kraken, LBank, and KuCoin.

The transactions have surfaced as the US government considers how to bring Hyperliquid into the regulated financial system. President Donald Trump recently stated that Commodity Futures Trading Commission member Mike Selig is preparing a framework for Hyperliquid's compliance with regulations in the US.

This is not the first time wallets linked to North Korea have been found on Hyperliquid, as MetaMask security researcher Taylor Monahan reported similar activity in December 2024. The platform saw net outflows of around $250 million in a single day after the discovery.