North Korea-linked wallets just moved more than $30M in Bitcoin through Hyperliquid. That’s a serious compliance problem. Blockchain data reviewed by CoinDesk and analyzed by Arkham reportedly shows wallets linked to North Korea’s Lazarus Group selling more than $30M worth of BTC on Hyperliquid over the past three weeks. The proceeds were then used to acquire ETH and $SOL , which were subsequently moved to other exchanges including Kraken, LBank and KuCoin. This isn’t the first time Lazarus-linked activity has appeared on Hyperliquid. Similar wallets were identified trading on the platform in late 2024, raising concerns about potential reconnaissance and contributing to roughly $250M in net outflows from Hyperliquid in a single day. The issue is becoming even more important as Hyperliquid pushes toward greater adoption in the U.S. Recent regulatory filings for investment products tied to $HYPE have highlighted the network’s exposure to sanctioned actors, partly because direct blockchain users aren’t necessarily subject to traditional KYC, AML or sanctions screening. North Korea has become one of the most aggressive state actors in crypto, with the U.S. accusing the Lazarus Group of stealing and laundering billions in digital assets to support Pyongyang. For Hyperliquid, the challenge is bigger than one group of wallets. As decentralized trading infrastructure moves closer to mainstream and U.S. markets, sanctions compliance is likely to become one of its biggest tests. #BTC Price Analysis# #Macro Insights# #Altcoin Season#