CandleFocus

North Korean hackers have lost more than $700,000 in trading on Hyperliquid. Are they preparing to hack the platform?

Author: Content Editor
The trading activities of marked addresses linked to North Korean hackers on the cryptocurrency platform Hyperliquid have resulted in losses of over $700,000. This has raised concerns within the crypto community, with some speculating that the hackers are testing Hyperliquid's systems for vulnerabilities. An enthusiast has warned the Hyperliquid team of the threat posed by North Korean hackers and their familiarity with the platform. The community is worried about the recent activities of DPRK hackers despite Hyperliquid's recent success. North Korean state-sponsored hackers are known for their sophisticated and persistent tactics, and in 2024 alone, they stole an estimated $1.34 billion in cryptocurrency. These hackers have targeted a wide range of organizations and have also infiltrated crypto and Web3 companies. International efforts to disrupt North Korea's illicit activities are ongoing, with countries collaborating to break the chain of attacks. Recently, a collaborative effort between the US and UAE led to the disruption of a North Korean money-laundering network, and sanctions have been imposed on individuals and entities involved in laundering funds for North Korea. These sanctions are part of broader efforts to prevent North Korea from financing its weapons programs through illicit means such as crypto theft and money laundering.

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