CandleFocus Hyperliquid Hits Record $60 Million Outflows Amid Hack Fears
2024-12-23
Author: Content Editor
The decentralized exchange Hyperliquid is experiencing turbulence as it faces rumors of being targeted by North Korean hacking groups. Today, the platform has seen $60 million in USDC outflows, causing its native token HYPE to plummet by over 10% in the past 24 hours. Cybersecurity expert Tayvano highlighted evidence suggesting coordinated attacks from North Korea, with losses of over $700,000 incurred on the platform. The circulating rumors have triggered panic among users, resulting in a significant outflow of funds. This has put pressure on HYPE's price, which has fallen by 15% and is expected to continue declining. The token's trading volume has surged by 64%, indicating heavy selling pressure. The price is expected to drop further unless it breaks above the $29.93 resistance level.
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