Blockchain protocol Hyperliquid has seen a net outflow of $256 million following reports of North Korean hackers trading on the platform. This has raised concerns about the protocol's security measures. Security expert Taylor Monahan highlighted weaknesses in Hyperliquid's architecture that make it vulnerable to attacks. Hyperliquid has denied any compromise and emphasized its bug bounty program. There is speculation that hackers may have used the platform without directly accessing user funds. Comparisons have been made to other platforms that faced challenges after denying vulnerabilities. Despite the concerns, Hyperliquid's native cryptocurrency HYPE has seen a 10% increase in value over the past 24 hours. The market is in a bullish phase, and experts believe HYPE has the potential to retest the $35 resistance level. Hyperliquid's ability to maintain user confidence and address security concerns will determine its long-term stability.



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