North Korea’s $30M crypto cashout just handed legacy finance its best weapon to kill DeFi’s US debut
CME and ICE told Washington in May that Hyperliquid's pseudonymous, always-on markets could let sanctioned state actors circumvent enforcement. On Aug. 31, an Arkham analysis reviewed by CoinDesk found that wallets linked to North Korea's Lazarus Group had sold more than $30 million of Bitcoin through Hyperliquid over the prior three weeks. The proceeds were […] The post North Korea’s $30M crypto cashout just handed legacy finance its best weapon to kill DeFi’s US debut appeared first on CryptoSlate.
Key Takeaways
- CME and ICE told Washington in May that Hyperliquid's pseudonymous, always-on markets could let sanctioned state actors circumvent enforcement.
- 31, an Arkham analysis reviewed by CoinDesk found that wallets linked to North Korea's Lazarus Group had sold more than $30 million of Bitcoin through Hyperliquid over the prior three weeks.
- The proceeds were […] The post North Korea’s $30M crypto cashout just handed legacy finance its best weapon to kill DeFi’s US debut appeared first on CryptoSlate.
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