North Korea’s Lazarus Group Suspected of Laundering $30 Million Through Hyperliquid
Summary
- North Korean-linked hacking group Lazarus Group is suspected of moving $30 million in cryptocurrency through decentralized exchange Hyperliquid.
- The funds were converted from Bitcoin (BTC) into Ether (ETH) and Solana (SOL), then bridged across multiple networks before being traced to KuCoin, Kraken and LBank and other services.
- Lazarus has been named a main suspect in multiple crypto hacks, including the $1.4 billion Bybit hack, and North Korea-linked hacking groups are estimated to have been involved in most of the $634 million in crypto-related losses recorded in April.
Forecast Trend Report by Period
North Korean-linked hacking group Lazarus Group is suspected of moving $30 million in cryptocurrency through decentralized exchange Hyperliquid.
Cointelegraph reported on September 1 that Arkham analyst Emmit Gallek wrote on X that wallet addresses linked to Lazarus deposited Bitcoin into Hyperliquid and Hyperunit, exchanged it for Ether or Solana, and then bridged the funds across the Tron, Solana and Ethereum networks.
The funds were ultimately traced to crypto exchanges KuCoin, Kraken and LBank, as well as multiple unidentified services on the Tron network.
Lazarus has been named a main suspect in several of the largest cryptocurrency hacks on record, including the $1.4 billion Bybit hack in 2025.
North Korea-linked hacking groups are estimated to have been involved in at least $578 million of the $634 million in crypto-related losses recorded in April.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.