North Korean Lazarus Group Sells Over $30 Million in Bitcoin on Hyperliquid

Blockchain data reviewed by CoinDesk reveals that wallets associated with North Korea’s Lazarus Group have sold more than $30 million in bitcoin on the Hyperliquid platform over the last three weeks.

Significant Bitcoin Outflow

The transactions represent a sizable outflow of bitcoin from accounts tied to the state‑linked hacking group, indicating continued illicit activity on emerging crypto platforms.

Implications for Hyperliquid

Hyperliquid, a newer decentralized exchange, is now linked to high‑value movements by a known cyber‑crime entity, raising questions about its compliance and monitoring capabilities.

Broader Context

While the data focuses on the recent three‑week window, it adds to a pattern of North Korean cyber‑actors leveraging cryptocurrency markets to fund operations.