Trump's Hyperliquid onshoring push hits $30M in North Korean funds

Based on blockchain analysis by Arkham, North Korean hackers have laundered over $30 million worth of Bitcoin through Hyperliquid over the last three weeks, according to reports. The developments come at a delicate time.

President Donald Trump and the Commodity Futures Trading Commission (CFTC) are attempting to bring the offshore derivatives exchange within the boundaries of the United States. The discovery of Arkham intensifies the unresolved question: is it possible for a decentralized venue to fall under American regulation without incurring the sanctions and unlawful financial risk avoidance that were purposefully avoided by the creation of permissionless DeFi?

Arkham’s data lands as Hyperliquid courts Washington

As reported by Cryptopolitan and various media outlets, Hyperliquid was subject to the same criticism in December 2024 in relation to wallets linked with North Korean parties. According to Hyperliquid, no hacking had taken place and no money had vanished from user accounts. The new transactions show that the association is still in place while Hyperliquid is becoming more popular in the US.

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