North Korean hackers move $30 million in bitcoin via Hyperliquid, data reveals

Photo: Pixabay / Pexels North Korean hackers have reportedly moved over $30 million in bitcoin through the decentralized derivatives platform Hyperliquid over the past three weeks. This information, sourced from blockchain analytics firm Arkham and reviewed by CoinDesk, suggests that the hackers have been active on the platform, moving significant amounts of bitcoin. Although Hyperliquid faced scrutiny in December 2024 for its association with North Korean-linked wallets, the company maintained that no breaches or loss of user funds occurred at that time. The ongoing transactions highlight continued vigilance around potentially illicit activities on the platform. Key Takeaways Recent data suggests that North Korean hackers have been using Hyperliquid to move over $30 million in bitcoin. The platform’s previous scrutiny in 2024 involved similar activities, but no security breaches were reported then. Market activity appears to reflect concerns about Hyperliquid’s security and regulatory standing following the report. What to Watch The reported activities may influence Hyperliquid’s market performance, with market participants likely monitoring for any regulatory actions or platform ...