Crypto derivatives platform Hyperliquid saw the largest net outflows of over $250 million after concerns emerged about possible involvement of North Korean hackers.
According to Metmask security researcher Tay Monahan, hackers with ties to North Korea’s Democratic People’s Republic of Korea (DPRK) have been using the platform since October.
Monahan shared her findings in a post on December 23rd
This triggered a wave of uncertainty, with Hyperliquid net outflows hitting an all-time high of $502.7 million on December 23, despite inflows of over $253.5 million. Dune Analytics confirmed these numbers.
In response, Hyperliquid assured users via its Discord that no funds had been compromised and there had been no exploit related to DPRK addresses. The platform emphasized that all user funds…
