Regulation

North Korea’s $30M crypto cashout just handed legacy finance its best weapon to kill DeFi’s US debut

CryptoSlate1h agoUpdated 1h ago
North Korea’s $30M crypto cashout just handed legacy finance its best weapon to kill DeFi’s US debut
Smart Read

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…

Coins in this story

BTC
₹76,988.00
-1.07%
ETH
₹2,386.81
-2.20%

Discussion

Related stories

CoinTelegraph

Japan’s Remixpoint dumps altcoins, leaves 1,506 BTC as sole crypto bet

Remixpoint sold $5.5 million in ETH, SOL, XRP and DOGE, booking a $736,000 net gain as it narrowed its crypto strategy to focus on Bitcoin.

Decrypt

Morning Minute: Bitcoin Enters ‘Rektember’ After Best August Since 2017

So far, Rektember is living up to its name as Bitcoin slips. Will this September follow the historical averages, or break the trend?

The Block

Japan-listed Remixpoint sells all ETH, SOL, XRP and DOGE holdings in shift to bitcoin-only crypto strategy

Bitcoin is now Remixpoint's only cryptocurrency holding, with approximately 1,506 BTC, worth around $115 million.

KryptoKite aggregates and summarises third-party crypto news. This is informational content, not investment advice. KryptoKite does not recommend buying or selling any asset.