Lazarus moves $30M through Hyperliquid as US talks advance

Lazarus-linked wallets sold over $30M in Bitcoin on Hyperliquid as Payward explored regulated access to its perpetuals for U.S. traders.

• Wallets linked to North Korea's Lazarus Group have sold over $30 million in Bitcoin on the Hyperliquid platform, converting it to Ethereum and Solana before sending it to centralized exchanges.
• This activity raises U.S. sanctions concerns, as Lazarus is a sanctioned entity, and trading on decentralized venues like Hyperliquid can complicate enforcement.
• Concurrently, Payward (Kraken's parent company) is in discussions to offer regulated access to Hyperliquid's perpetuals for U.S. traders through its CFTC-regulated derivatives business, Bitnomial.

Topics: Jurisdictions, Blockchain usage, Institutional adoption, Regulatory sandboxes pilots, Non evm chains, Banking depository pilots

Tags: #lazarusgroup #hyperliquid #bitcoin #payward #ussanctions #regulatedaccess #perpetuals #kraken #defi #blockchainanalysis

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