North Korean hackers have moved over $30 million in bitcoin through Hyperliquid over the past three weeks, according to blockchain data reviewed by CoinDesk. The activity follows the platform's earlier scrutiny over ties to North Korean-linked wallets, and market participants are watching for any regulatory or platform response.
North Korean hackers have moved over $30 million in bitcoin through the decentralized derivatives platform Hyperliquid over the past three weeks, according to data from blockchain analytics firm Arkham reviewed by CoinDesk. The transactions suggest the hackers have remained active on the platform, moving significant amounts of bitcoin.
Hyperliquid faced scrutiny in December 2024 for its association with North Korean-linked wallets, though the company maintained that no breaches or loss of user funds occurred at that time. The ongoing transactions highlight continued vigilance around potentially illicit activity on the platform.
Market activity appears to reflect concerns about Hyperliquid's security and regulatory standing following the report. Observers will watch for any official statements from Hyperliquid on platform security and for measures to prevent illicit activity, with further market reaction likely to depend on additional details about the scope of the transactions.
Source: Crypto Briefing
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