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North Korea-linked Lazarus Group moved $30M in Bitcoin via Hyperliquid amid US market entry plans.

Market News
31 Aug 2026
BeInCrypto
View Source
Neutral
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Wallets tied to North Korea's Lazarus Group transferred over $30 million in Bitcoin through the crypto exchange Hyperliquid within three weeks, raising potential sanctions concerns. The funds were converted to Ether and Solana before reaching other major exchanges like Kraken. Despite this, Hyperliquid's native token showed only a modest price increase, indicating traders have not yet factored in the sanctions risk. This disclosure comes as Hyperliquid seeks to enter the US market through Kraken's parent company, with regulatory approval from the Commodity Futures Trading Commission potentially influencing the outcome.

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