Lazarus-Linked Wallets Move Over $30M Through Hyperliquid as U.S. Explores Regulated EntryArkham...

Lazarus-Linked Wallets Move Over $30M Through Hyperliquid as U.S. Explores Regulated EntryArkham researcher Emmett Gallic said addresses linked to the OFAC-sanctioned North Korean hacking group Lazarus Group have recently moved more than $30 million through Hyperliquid, with activity continuing through Aug. 31. The funds entered Hyperliquid as BTC, were then converted into ETH and SOL, bridged to Tron, Solana and Ethereum, and ultimately sent to KuCoin, LBank, Kraken and several unlabeled Tron-based services.The activity comes as U.S. policymakers explore a regulated path for Hyperliquid to enter the U.S. market. President Donald Trump said earlier in August that CFTC Chairman Mike Selig was working on a pathway to bring Hyperliquid into the U.S. in a compliant and legal manner. Separately, Kraken parent Payward is in advanced talks with Hyperliquid Labs on a structure that could allow U.S. users to trade a subset of Hyperliquid-linked perpetual futures through regulated exchange and clearinghouse Bitnomial, subject to regulatory approval.

Source: Wu Blockchain