Bitcoin led to a correction in the crypto market early Monday, sending BTC to $92,762 and down over 12% in the last seven days.
At the end of the weekend, well-known blockchain security expert Taylor Monahan, who works for crypto wallet MetaMask, reported that several DPRK-linked addresses were trading on Hyperliquid, a decentralized perpetual exchange with its own chain.
Monahan said the North Koreans were likely testing the network before considering it as a target for their next attack.
In its Discord channel, Hyperliquid contradicted Monahan’s analysis and said that there was no threat from the DPRK.
“We are aware of reports circulating about activity from alleged addresses in the DPRK. There was no North Korea exploit – or any exploit at all – from Hyperliquid. All user funds are accounted for. Hyperliquid Labs takes Opsec seriously. No vulnerabilities were reported by any party.”
However, HYPE, Hyperliquid’s native token, fell nearly 20% while the exchange suffered nearly $113 million in stablecoin outflows, according to blockchain analytics platform Dune.
HYPE has since stabilized and is currently…
