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Lazarus-linked wallets move $30M via Hyperliquid amid US push
The transfers used multiple tokens and networks, with funds ultimately sent to exchanges including KuCoin and Kraken.
Crypto wallets linked to the OFAC-sanctioned Lazarus Group reportedly moved $30 million in digital assets through the decentralized exchange Hyperliquid, according to blockchain data shared by Arkham analyst Emmett Gallic and summarized by Cointelegraph.
The Lazarus-tagged wallets reportedly deposited into Hyperliquid and HyperUnit, then traded funds into Ether or Solana and bridged them out across networks including Tron, Solana and Ethereum before routing the proceeds to exchanges such as KuCoin and Kraken, along with Lbank and several unlabeled Tron-based services.
The activity comes weeks after US President Donald Trump said during an Aug. 16 White House event that Commodity Futures Trading Commission Chair Michael Selig was working on a regulatory pathway to introduce Hyperliquid into US markets, Cointelegraph reported.
Cointelegraph also noted that the Lazarus Group is the main suspect behind major cryptocurrency hacks, including a $1.4 billion Bybit hack in 2025, and said North Korea-linked threat actors were tied to at least $578 million of $634 million stolen in crypto-related incidents in April.
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