Lazarus Group Siphons $30M Through Hyperliquid Amid US Market Push

Crypto wallets linked to the North Korean state-affiliated hacker collective Lazarus Group moved $30 million in digital assets through the decentralized exchange Hyperliquid. This transfer comes weeks after regulators said they were working on a path to introduce Hyperliquid into US markets.

The Lazarus-tagged wallets sent funds to Hyperliquid and HyperUnit via Bitcoin, traded them into Ether or Solana, and bridged them out to Tron, Solana, or the Ethereum network. According to blockchain data shared by Arkham analyst Emmett Gallic, the deposits were eventually sent to crypto exchanges KuCoin and Kraken, as well as Lbank, along with several unlabeled services based on the Tron network.

The Lazarus Group has been linked to various high-profile hacks and cyberattacks in the past. The group's activities have been sanctioned by OFAC, indicating a clear connection between the collective and North Korean interests.