Blockchain data shows crypto wallets linked to North Korea’s Lazarus Group moving about $30 million in digital assets through the decentralized exchange Hyperliquid and its HyperUnit platform, before routing funds to multiple centralized exchanges. Investigators report the Lazarus-tagged wallets sent Bitcoin to Hyperliquid, swapped assets into Ether and Solana, then bridged them to Tron, Solana and Ethereum networks, dispersing deposits across KuCoin, Kraken, Lbank and unlabeled Tron services. The flows surfaced shortly after President Donald Trump said CFTC Chair Michael Selig was developing a regulatory path for Hyperliquid’s entry into US markets, likely sharpening scrutiny of decentralized exchanges’ compliance and monitoring standards.
This update represents a notable development in the Crypto sector. Organizations and founders tracking this space should evaluate potential strategic and technical implications on their operations.