The hacker behind the Bybit exploit, attributed to the Lazarus Group, has moved approximately $30 million across chains through Hyperliquid. The funds were converted from Bitcoin to Ethereum or SOL then bridged out, eventually landing at KuCoin, Kraken, Lbank, and unmarked services on Tron. The transfer occurred weeks after U.S. regulators signaled plans to bring Hyperliquid into the U.S. market. Exchanges have not yet responded, and analysts are tracking the funds.
According to Cointelegraph, the attacker behind the Bybit exploit previously linked to the Lazarus Group has recently moved approximately $30 million across chains via Hyperliquid. The hacker converted Bitcoin into Ethereum or SOL before bridging the funds out.
The funds ultimately ended up at KuCoin, Kraken, Lbank, and unmarked services on the Tron network. This transfer comes weeks after U.S. regulators signaled intentions to bring Hyperliquid into the U.S. market. The involved exchanges have not yet responded, and analysts are continuing to track the movements of the funds.
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