Lazarus Group Moves $30M Via Hyperliquid In New On-Chain Transfer

TL;DR

• Lazarus-linked wallets moved roughly $30 million through Hyperliquid and HyperUnit, converting Bitcoin into Ether or Solana before bridging funds onto other networks.
• Tracked assets later reached KuCoin, Kraken, Lbank and unidentified Tron-based services, showing how sanctioned funds can pass through multiple tokens, chains and platforms.
• The transfers came weeks after U.S. officials discussed a regulatory pathway for Hyperliquid, while Lazarus remains linked to major thefts including Bybit’s $1.4 billion breach.

Crypto wallets linked to the OFAC-sanctioned Lazarus Group moved roughly $30 million in digital assets through Hyperliquid, according to blockchain data shared by Arkham analyst Emmett Gallic. The addresses sent Bitcoin to Hyperliquid and HyperUnit, swapped funds into Ether or Solana, and then bridged assets out to the Tron, Solana or Ethereum networks. The movement stands out because funds tied to a heavily sanctioned North Korean hacking collective passed through a major decentralized trading ecosystem before reaching additional destinations. The transaction path shows how rapidly assets can move across chains, tokens and venues.

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