Lazarus moves $30M through Hyperliquid as US talks advance

Wallets linked to North Korea’s Lazarus Group have sold more than $30 million in Bitcoin through Hyperliquid over three weeks as U.S. officials and Payward explore regulated access to the platform. Summary Lazarus-linked wallets sold more than $30 million in Bitcoin through Hyperliquid, Arkham data showed. The wallets used the proceeds to buy Ethereum and Solana before transferring the assets to exchanges. Payward is reportedly discussing a structure that could offer selected Hyperliquid perpetuals to U.S. traders. Hyperliquid has processed $5.19 trillion in cumulative perpetual trading volume, according to DefiLlama. Lazarus-linked wallets convert Bitcoin into ETH and SOL Arkham blockchain data, wallets associated with the North Korean state-sponsored Lazarus Group sold more than $30 million in Bitcoin on Hyperliquid during the past three weeks. The wallets used proceeds from the Bitcoin sales to purchase Ethereum and Solana before sending the assets to centralized exchanges, including Kraken, LBank, and KuCoin, according to the blockchain analysis. Crypto investigator ZachXBT first identified the addresses in 2024, while Arkham later labeled them as connected to Lazarus. Public b...