CandleFocus

Hyperliquid Gets Exposed To North Korean Hackers’ Threats: HYPE Price Down

Author: Content Editor
Hyperliquid, a decentralized perpetual exchange (DEX), is facing scrutiny and potential hacking due to suspicious trading activities associated with North Korean hackers. Lookonchain flagged multiple North Korean hacker addresses trading on the platform, raising concerns about user data and funds. The hackers have caused significant losses on the platform, with experts suggesting this may be part of a larger scheme to test the platform's vulnerability. Crypto analyst Tayvano has discussed the risks and called for a clear communication approach between Hyperliquid and security professionals. Hyperliquid's prices have suffered during this chaotic week, with the price of its HYPE token down 18.7% in the last 24 hours. It has been revealed that Hyperliquid relies on only four validators for security, which could pose a significant risk if breached. Hacking remains a major concern in the crypto industry, with North Korean hackers responsible for over half of the $2.2 billion in crypto assets embezzled this year. The North Korean regime engages in cybercrime to raise funds and evade sanctions.

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