The crypto-derivatives platform Hyperliquid experienced a record $112 million outflow amid suspicions of activities by North Korean hackers.
Record Outflow on the Platform
According to sources, the Hyperliquid platform experienced its largest daily outflow with over $112 million USDC leaving the platform on Monday.
Suspicions of North Korean Hackers' Actions
Taylor Monahan, a security expert from MetaMask, posted details of suspicious hacker wallets on social media. These transactions may be part of the modus operandi of North Korean hackers testing vulnerabilities on platforms like Hyperliquid.
Unwavering Strength of Hyperliquid in DeFi
Despite the scandal, Hyperliquid remains a significant platform in DeFi, with a daily trading volume of $8.8 billion and a record 24-hour volume of $15 billion.
The incident involving alleged North Korean hackers on Hyperliquid raises questions about security in the crypto industry. Nevertheless, the platform continues to maintain a strong position in DeFi.
