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Tuesday, September 1, 2026 · UTC
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crypto

North Korea Sanctions Questions Loom Over Hyperliquid's US Entry

Hyperliquid faces potential US entry hurdles after wallets linked to North Korea's Lazarus Group moved $30M in Bitcoin through the exchange.

TruthFoundry News Desk
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Stands on 6 placed sources from 2 publishers.
As of 2026-09-01 09:45 UTC. Market figures are as the cited sources reported them at that time and may have moved since. This is news, not investment advice.
Wallets tied to North Korea's Lazarus Group moved more than $30 million in Bitcoin through Hyperliquid over a three-week period. [1] According to on-chain tracking, approximately $30 million worth of stolen funds were moved through Hyperliquid using HyperUnit. [2] Pseudonymous blockchain investigator ZachXBT identified seven Bitcoin addresses holding about 891 BTC, worth approximately $61.8 million at the time, as being connected to the Lazarus Group in May 2024. [3] ZachXBT's broader investigation traced more than $200 million in stolen cryptocurrency from 25+ hacks. [4] President Trump named Hyperliquid directly at an August White House event and credited CFTC Chairman Michael Selig with leading the effort to bring it into the US. [5] The funds were converted to Ether and Solana before reaching centralized exchanges including Kraken, LBank, and KuCoin. [6]
What this stands on
  1. Wallets tied to North Korea's Lazarus Group moved more than $30 million in Bitcoin through Hyperliquid over a three-week period. · beincrypto.com
  2. According to on-chain tracking, approximately $30 million worth of stolen funds were moved through Hyperliquid using HyperUnit. · AMBCrypto
  3. Pseudonymous blockchain investigator ZachXBT identified seven Bitcoin addresses holding about 891 BTC, worth approximately $61.8 million at the time, as being connected to the Lazarus Group in May 2024. · AMBCrypto
  4. ZachXBT's broader investigation traced more than $200 million in stolen cryptocurrency from 25+ hacks. · AMBCrypto
  5. President Trump named Hyperliquid directly at an August White House event and credited CFTC Chairman Michael Selig with leading the effort to bring it into the US. · beincrypto.com
  6. The funds were converted to Ether and Solana before reaching centralized exchanges including Kraken, LBank, and KuCoin. · beincrypto.com
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Up next in this editionPeskov: Russia values Kyrgyzstan's efforts to preserve Russian language