The Hyperliquid platform experienced record fund outflows following allegations that North Korean hackers might be active on the platform.
Warnings of Potential Threat
Taylor Monahan, a security researcher from Metamask, announced the discovery of 12 blockchain addresses linked to North Korean hackers active on Hyperliquid. She noted that these addresses are associated with state-backed cyber threats that may be preparing to attack the platform.
Hyperliquid's Response
Hyperliquid stated that no traces of exploitation or vulnerabilities have been found so far. The platform's representatives assured that all user funds are safe and that they take operational security seriously.
Impact on Hype Token
The native token of the platform, Hype, showed volatility amid the news, dropping from $34.5 to $26. However, it later recovered by 5.4% in the past 24 hours, trading at $29.63.
Despite warnings of potential threats, Hyperliquid claims the platform remains secure. Meanwhile, the Hype token's price dynamics reflect community concerns.
