Wallets linked to the OFAC-sanctioned Lazarus Group moved more than $30 million through Hyperliquid over three weeks ending around August 31, 2026, according to on-chain data published by Arkham researcher Emmett Gallic. Four outflows attributed to the cluster between July 30 and August 28 totaled 764.194 BTC; proceeds were converted into Ether and Solana, bridged across Tron, Solana and Ethereum, and sent to KuCoin, LBank, Kraken and unlabeled Tron-based services. The disclosure came as Hyperliquid pursued potential U.S. access through a proposed Bitnomial structure, while HYPE’s reaction remained muted below its August 27 record high of $86.71.