Lazarus Group moves $30M in Bitcoin on Hyperliquid amid US onshoring push

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Blockchain data reviewed by CoinDesk reveals wallets linked to North Korea's Lazarus Group have sold over $30 million in Bitcoin on the crypto trading platform Hyperliquid over the past three weeks. The activity comes as the Trump administration is reportedly pushing for Hyperliquid to establish a stronger onshore US presence. Lazarus Group is a state-sponsored hacking collective widely attributed to the North Korean government. The movement of such significant funds on the platform raises security and regulatory concerns for the exchange. The timing has drawn attention to potential vulnerabilities in decentralized trading platforms to sanctioned actors.

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