Lazarus-linked Wallets Sell $30M in Bitcoin on Hyperliquid Amid US Sanctions Questions
Lazarus-linked wallets have sold over $30 million in Bitcoin on Hyperliquid over three weeks, according to Arkham data. The wallets used the proceeds to buy Ethereum and Solana before transferring the assets to exchanges like Kraken, LBank, and KuCoin.
The activity raises questions about US sanctions, as Lazarus is a sanctioned cyber organization controlled by North Korea's government. U.S. authorities have linked Lazarus to several digital-asset thefts, including the $625 million Ronin Network attack in 2022.
Payload has reported that Payward is discussing a structure with Hyperliquid Labs to offer selected perpetual contracts to American traders through its CFTC-regulated derivatives business, Bitnomial. The plan would give eligible U.S. customers access through a registered operator rather than through Hyperliquid's permissionless interface.