Decentralized exchange (DEX) Hyperliquid is facing significant turbulence as it saw $60 million in USDC outflows amid rumors that North Korean hacking groups are actively targeting the platform. This also impacted its native token HYPE, which plunged more than 10% in the last 24 hours. Cybersecurity expert Tayvano revealed on December 22 that on-chain evidence suggests North Korean hackers were targeting Hyperliquid. Hackers are actively trading on the platform, suffering losses in excess of $700,000 since beginning their activities. However, Hyperliquid Labs has denied any exploits or vulnerabilities on the platform and reassured users that funds are secure.
Trending
- Stablecoin Payroll: 7 Realities of Cross-Border Pay
- Real-Time Payment Rails Reshape SME Cash Flow Speed
- US Regulators Unveil New Guidelines for Digital Assets
- No Income Tax States: Better Living or Hidden Costs in 2026?
- FCA Targeted Support Goes Live: How Wealth Firms Should Adapt
- European Defense IPOs Surge as Rearmament Wave Builds
- Private Student Loans: 9 Smart Steps Before You Borrow
- Microsoft Tieto AI Partnership Expands Agentic Capabilities Across Europe
