🚨🚨North Korea may have funneled more than $30 million through Hyperliquid and the timing is disastrous
The Lazarus Group, linked to North Korean hacking operations, is said to have begun moving stolen funds through the platform
$BTC was sold and then converted to $ETH and $SOL
After that, the funds began moving between various and various platforms in an attempt to cover their tracks
And here lies the real problem
This is happening at a time when Hyperliquid is trying to expand its presence in the U.S. market and operate within a more regulated framework
In other words, the platform is trying to say: “We’re ready for the U.S. market.”
At the same time, allegations are surfacing that funds linked to a sanctioned entity are passing through it.
And this is exactly the kind of story that quickly attracts the attention of regulators.
Because when a platform is on the verge of entering the U.S. market
the last thing it needs is to become a hub for laundering stolen money
If these links are indeed confirmed, the issue is much bigger than just $30M
The Lazarus Group, linked to North Korean hacking operations, is said to have begun moving stolen funds through the platform
$BTC was sold and then converted to $ETH and $SOL
After that, the funds began moving between various and various platforms in an attempt to cover their tracks
And here lies the real problem
This is happening at a time when Hyperliquid is trying to expand its presence in the U.S. market and operate within a more regulated framework
In other words, the platform is trying to say: “We’re ready for the U.S. market.”
At the same time, allegations are surfacing that funds linked to a sanctioned entity are passing through it.
And this is exactly the kind of story that quickly attracts the attention of regulators.
Because when a platform is on the verge of entering the U.S. market
the last thing it needs is to become a hub for laundering stolen money
If these links are indeed confirmed, the issue is much bigger than just $30M
