Addresses linked to North Korean hackers were reported to have engaged in trading activities on Hyperliquid, resulting in losses exceeding $700,000. These actions have raised concerns among the crypto community.
Hacker Activity on Hyperliquid
Chinese correspondent Colin Wu has reported on the activity of North Korean hackers on Hyperliquid. Crypto enthusiast Tayvano warns that "DPRK does not trade; it tests." Hyperliquid recently achieved a trading volume of $11 billion following a recent airdrop, but hacker activities have the community concerned.
Massive Crypto Losses in 2024
According to Chainalysis, North Korean state-sponsored hackers stole approximately $1.34 billion in cryptocurrency in 2024, accounting for more than half of all crypto-related thefts this year. Attacks have targeted a wide range of organizations from large to small.
Measures Against Illegal Activities
International efforts are aimed at disrupting North Korea's illicit activities. A recent collaboration between the US and the UAE disrupted a North Korean financial network. The US Treasury's Office of Foreign Assets Control has sanctioned Chinese citizens and companies for laundering money for North Korea.
Efforts to combat North Korean cybercrime, including sanctions, aim to prevent the funding of the country's weapons programs.
