North Korean Hackers’ Suspected Presence Triggers Over $500 Million In Outflows From Crypto Exchange
Decentralized cryptocurrency exchange Hyperliquid (CRYPTO: HYPE) witnessed its biggest-ever single-day outflow on Monday after an investigation sounded alarm over the presence of North Korean hackers on the platform.
What Happened: Tay Monahan, a security expert at cryptocurrency wallet provider MetaMask, disclosed in an X post that hackers with ties to the Democratic People’s Republic of Korea have been active on the platform since October.
Monahan shared the addresses of the alleged DPRK wallets and their activity on the platform, followed by a cheeky dig at HyperLiquid’s lack of seriousness about the situation.
“Hyperliquid dudes dont seem worried at all though, so im sure its fine,” the security expert said. She stated that North Korean hackers typically trade on platforms to identify potential loopholes.
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