Lazarus Group Taps Hyperliquid for $30M in Crypto Transfers

Crypto wallets linked to North Korea's Lazarus Group have moved over $30 million in digital assets through the decentralized exchange Hyperliquid, just weeks after regulators hinted at a path for the platform's entry into US markets.

The transfers occurred via Bitcoin (BTC), with funds being traded into Ether (ETH) or Solana (SOL) and then bridged out to Tron, Solana, or the Ethereum network, according to blockchain data provided by Arkham analyst Emmett Gallic.

The funds ultimately ended up on crypto exchanges KuCoin and Kraken, as well as Lbank, along with several other services based on the Tron network.

The Lazarus Group is suspected of involvement in some of the largest cryptocurrency hacks, including the $1.4 billion hack of Bybit exchange in 2025, which remains the industry's largest so far.