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The Defiant 2024-12-24 15:30:27

Hyperliquid Dips on North Korea Hack Fears

Hyperliquid, the red hot Layer 1 blockchain and decentralized exchange, is facing its first real challenge since its token generation event on Nov. 29, after potential North Korean hacker wallets were flagged transacting on the platform. Taylor Monahan, a security expert working with Metamask, highlighted the suspicious activity on Dec. 22 after DPRK-associated (Democratic People’s Republic of North Korea) addresses active on Hyperliquid were liquidated for $458,000. Monahan reiterated in a follow-up post that “DPRK doesn’t trade. DPRK tests,” implying that the group is familiarizing themselves with Hyperliquid to find an attack vector. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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