Hyperliquid Strategies is trading 5.9% down at $11.53 after reports that wallets linked to North Korea’s Lazarus Group moved more than $30 million through Hyperliquid over approximately three weeks.
- Reports raise compliance and reputational concerns around the underlying platform but do not establish wrongdoing by Hyperliquid.
- Bitcoin is down 1.49%, Ethereum 1.67%, and major U.S. indexes are lower, adding broad risk-off pressure.
- The stock remains highly volatile after its recent earnings-driven rally.