Hyperliquid Labs, the team behind HYPE’s $28 billion FDV token, dismissed claims that North Korean hackers had infiltrated the Layer 1 protocol.
Hyperliquid Labs (HYPE) has released an announcement debunking any connection between whale activity and a possible exploit planned by hackers from the Democratic People’s Republic of Korea. According to a message posted on the project’s Discord server, “vulnerabilities have not been shared by any party,” and white hats are welcome to submit bug reports as part of a “generous bug bounty program.”
On December 23, a HYPE whale sold 1 million tokens amid speculation that North Korean hackers were actively trading on the Layer 1 blockchain. Security veterans like MetaMask developer Taylor Manohan said hackers, likely part of the infamous Lazarus group, may be targeting vulnerabilities.
Data showed that DPRK-labeled wallets conducted on-chain swaps and lost about $700,000. “Yay, the Democratic People’s Republic of Korea doesn’t trade. “DPRK is testing,” claimed Tayvano, as Manohan is known online, as community members searched for answers.
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 needs operational security…
