Abstract. We discuss a general theory of Lorentzian Kac-Moody algebras which should be a hyperbolic analogy of the classical theories of finite-dimensional semisimple and affine Kac-Moody algebras. First examples of Lorentzian Kac-Moody algebras were found by Borcherds. We consider general finiteness results about the set of Lorentzian Kac-Moody algebras of the rank ≥ 3, and the problem of their classification. As an example, we give classification of Lorentzian Kac-Moody algebras of the rank three with the hyperbolic root lattice S * t , symmetry lattice L * t , and the symmetry group O + (L t ), t ∈ N, wheret /L t } is an extended paramodular group. Perhaps, this is the first example when a large class of Lorentzian Kac-Moody algebras was classified.