Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»HACKING NEWS»HyperLiquid withdraws $60 million due to concerns about North Korean hackers
HACKING NEWS

HyperLiquid withdraws $60 million due to concerns about North Korean hackers

By Crypto FlexsDecember 23, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
HyperLiquid withdraws  million due to concerns about North Korean hackers
Share
Facebook Twitter LinkedIn Pinterest Email
  • $60 million worth of USDC was withdrawn from the HyperLiquid trading platform after a wallet address linked to a North Korean hacker reportedly initiated trading on the platform.
  • Experts believe that these transactions, which accumulated losses of $700,000, were a test of weakness.

As of this writing, approximately $60 million USDC has been withdrawn from the HyperLiquid perpetual trading platform due to concerns that activity from wallets linked to North Korea may have preceded the attack.

A wallet address linked to a North Korean hacking group began trading on the Perp trading platform last weekend.

“North Korea doesn’t trade,” said Tay, an The “DPRK test” suggests that these trades (albeit at a loss) were made to allow hackers to familiarize themselves with HyperLiquid’s platform.

LOL @ all the idiots who think USG forcing a freeze on Hyperliquid is dangerous AAAAAAAAAAHHAHAHHHAHAHAHAHAHAHHAHHAHAHHAHAHHAHAHAHHAHAHHAHAHHAHAHAHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

Friends, North Korea does not trade. North Korea test🤦‍♀️

— Tay 💖 (@tayvano_) December 22, 2024

HyperLiquid Vulnerabilities

According to Tay, HyperLiquid Layer-1, the blockchain that supports the exchange and EVM layers, currently has only four validators that can be accessed with one line of code if a hacker gets their hands on it on “day zero.”

Offer from 2 weeks ago still valid @HyperliquidX

I’m glad I can still do it asynchronously or over the phone. If you don’t like me I might give you one of my really cool and happy companions.

But if we don’t come to our senses as soon as possible, there will be enormous harm to people. pic.twitter.com/OxLlB4lygE

— Tay 💖 (@tayvano_) December 22, 2024

A zero-day is a software vulnerability that the developer or publisher is unaware of and has 0 days to fix it. Tay said North Korean hacker groups are very sophisticated and persistent in reaching out to day zero.

The Rise of HyperLiquid

HyperLiquid is currently the largest on-chain perpetual trading platform with approximately 271,000 users, $12.14 billion in total deposits, and $6.2 billion in daily trading volume.

The platform launched its native token, HYPE, on November 29, which has increased from a listing price of $1.97 to its current price of $27.97 at the time of publishing.

HYPE is currently the 22nd largest cryptocurrency with a market capitalization of $9.35 billion at the time of publication.


Share this article

Category

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

RLUSD Stablecoin is extended to Africa to supply power to the border between the border.

September 5, 2025

Solana-packee blockchain manually spreads

September 3, 2025

Are you ready to token everything?

September 1, 2025
Add A Comment

Comments are closed.

Recent Posts

RLUSD Stablecoin is extended to Africa to supply power to the border between the border.

September 5, 2025

Bybit Establishes New B2B Unit To Drive Institutional Adoption Of Digital Assets

September 5, 2025

Lowkick Studio Launches $SHARDS Token On Top Tier Exchanges For WorldShards MMORPG

September 5, 2025

The cryptocurrency is falling when the tokens and stocks connected to Trump are under pressure.

September 5, 2025

Cango Inc. Reports Second Quarter 2025 Unaudited Financial Results

September 5, 2025

Coindesk July 2025 Report: Stablecoins and CBDC

September 5, 2025

NOWPayments To Participate In SiGMA Europe Rome 2025

September 4, 2025

Web3 Enabler Announces Blockchain Payments V3.1 At Northeast Dreamin In Boston

September 4, 2025

Is XRP The Dark Horse Of The Cryptocurrency World? Earn 652 XRP Daily Using Invro Mining’s Smart Contract

September 4, 2025

TRX Was Early, ETH Set The Standard, BNB Built The Scale- Now SYC Brings The Next Evolution

September 4, 2025

Sign Up And Receive $500 Bonus, Ushering In A New Era Of Compliant And Secure Crypto Investment

September 4, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

RLUSD Stablecoin is extended to Africa to supply power to the border between the border.

September 5, 2025

Bybit Establishes New B2B Unit To Drive Institutional Adoption Of Digital Assets

September 5, 2025

Lowkick Studio Launches $SHARDS Token On Top Tier Exchanges For WorldShards MMORPG

September 5, 2025
Most Popular

Race to victory in Gladiator Clash slot

June 21, 2024

K33 Research says approval for a Bitcoin spot ETF appears to be ‘confirmed’ in January.

December 20, 2023

Azuki founder airdrops ANIME for a ‘billion global fans’: Zagabond, NFT Creator

January 23, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.