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North Korean Hackers Test Hyperliquid’s Security: What’s at Stake?


by Coin Edition
for CoinEdition
North Korean Hacker Addresses Trading on Hyperliquid, Resulting in $700K Loss
  • North Korean hackers caused over $700K loss on Hyperliquid, raising security concerns.  
  • Hyperliquid’s $11.5B trading volume boosted by 310M HYPE token airdrop.  
  • Despite the success, Hyperliquid faces challenges with price stability and token scarcity.

Multiple North Korean hacker addresses were seen trading on Hyperliquid, a decentralized exchange (DEX), according to “@tayvano_” on X. These addresses were linked to a total loss of over $700,000. This trading activity has raised concerns in the crypto community, with many believing these hackers are testing the platform’s security and system stability.

Tay stated his concern about the potential risks to Hyperliquid. He noted that the North Korean hackers are highly skilled and experienced in targeting crypto platforms.

In a message on X, Tay said the hackers seem familiar with Hyperliquid’s…

The post North Korean Hackers Test Hyperliquid’s Security: What’s at Stake? appeared first on Coin Edition.

Read the article at CoinEdition

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North Korean Hackers Test Hyperliquid’s Security: What’s at Stake?


by Coin Edition
for CoinEdition
North Korean Hacker Addresses Trading on Hyperliquid, Resulting in $700K Loss
  • North Korean hackers caused over $700K loss on Hyperliquid, raising security concerns.  
  • Hyperliquid’s $11.5B trading volume boosted by 310M HYPE token airdrop.  
  • Despite the success, Hyperliquid faces challenges with price stability and token scarcity.

Multiple North Korean hacker addresses were seen trading on Hyperliquid, a decentralized exchange (DEX), according to “@tayvano_” on X. These addresses were linked to a total loss of over $700,000. This trading activity has raised concerns in the crypto community, with many believing these hackers are testing the platform’s security and system stability.

Tay stated his concern about the potential risks to Hyperliquid. He noted that the North Korean hackers are highly skilled and experienced in targeting crypto platforms.

In a message on X, Tay said the hackers seem familiar with Hyperliquid’s…

The post North Korean Hackers Test Hyperliquid’s Security: What’s at Stake? appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Record Monthly Close Fuels Bullish Case for a $130K Bitcoin

Record Monthly Close Fuels Bullish Case for a $130K Bitcoin

Bitcoin’s recent monthly close above $107,000 has reignited bullish sentiment, fuelin...
A Look at Why Solana, Ethereum, and SUI Are on Every Trader’s Radar for July

A Look at Why Solana, Ethereum, and SUI Are on Every Trader’s Radar for July

The crypto market is starting the week on a strong note, and altcoins are also aiming...