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Laurence Day

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hyperliquid faces over 250 million in outflows amid north korea hacking fears

Hyperliquid has experienced over $256 million in net outflows amid concerns that North Korean hackers are exploiting the platform. Security expert Tay Monahan highlighted that these hackers have been active since October, prompting fears and a significant drop in the value of Hyperliquid's HYPE token. While Hyperliquid claims no exploit has occurred, experts suggest potential defenses, including the ability for USDC issuer Circle to blacklist addresses and the possibility of rolling back the Arbitrum Chain to prevent losses.
Cointelegraph
PRK Laurence Day
Finance & Economy, News Article
04:25 24.12.2024
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