Hyperliquid Denies North Korea Hacker Exposure, HYPE Token Jumps 10%

Reports emerged of Hyperliquid being exploited by North Korean hackers. Hyperliquid denied any such vulnerability, adding that all funds are safe. HYPE token has surged by 10% in the past 24 hours. Hyperliquid (HYPE), a blockchain protocol focused on the performance of decentralized finance (DeFi) applications, has witnessed a whopping $256 million in outflows following reports of North Korean hackers trading on the platform. However, HYPE, the native cryptocurrency of the Layer 1 network, has seen a massive 10% gain in 24 hours. North Korean hackers do not have to engage with the users’ funds in order to breach security, highlighted Taylor Monahan, a security expert at prominent software crypto wallet Metamask, while adding that there are significant vulnerabilities in Hyperliquid’s system. It is important to note that DPRK’s Lazarus Group is known for actively exploiting digital asset protocols. Hyperliquid net outflows top $250M amid fears over North Korea hackers Hyperliquid has seen over $256 million in net outflows as security experts revealed that North Korean threat actors had been trading on the platform. #Norque #NOQ #Bitcoin #ETH #AI #Bloc… The post Hyperliquid Denies North Korea Hacker Exposure, HYPE Token Jumps 10% appeared first on Coin Edition .