On May 24, 2025, HyperFND's Twitter account belonging to Hyperliquid was hacked. However, the blockchain remains secure, and the market shows confidence.
Hack Incident
Hyperliquid's official account reported that their HyperFND Twitter account was compromised. Importantly, the blockchain itself was not affected, alleviating users' concerns about potential security ramifications.
Market Reaction and HYPE Token Rise
Despite the breach, the market responded positively. The HYPE token rose approximately 6% on the day, indicating ongoing investor trust. CoinMarketCap data shows HYPE trading at $39.06 with a market cap nearing $13.04 billion, with a 24-hour trading volume spiking 31.47%.
Community Security Discussions
Users urged Hyperliquid to enhance security protocols. Suggestions included implementing two-factor authentication and multi-signature support to improve security on third-party platforms.
The hacking incident highlights the importance of security on external platforms for cryptocurrency projects. Trust in the HYPE token is confirmed by its appreciation amid incidents.
