Panic Erupts as $112M Leaves Hyperliquid Following North Korean Hacking Concerns

Reports that the decentralized exchange Hyperliquid could be the next target of North Korean hackers have resulted in massive capital outflows and a significant drop in the value of its recently airdropped token $HYPE.

On December 22, the well-known crypto analyst Taylor Monahan provided evidence that wallet addresses tied to the North Korean government were executing transactions on the exchange.

Monahan, who also works as a developer for the crypto wallet MetaMask, said that this is part of the classic modus operandi of hackers from the DPRK that consists of interacting with a certain crypto protocol to identify potential flaws that they can exploit.

DPRK's trading career is…uh….going…..

tbh if i was the dude managing Hyperliquid's 4 validators (or those fucking ghetto ass binaries on gh) I would be shitting my pants right now.

Hyperliquid dudes dont seem worried at all though so im sure its fine. Market News and Data brought to you by Benzinga APIs

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