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hyperliquid experiences one billion dollar tvl drop amid north korean hacking fears

Hyperliquid's total value locked (TVL) has dropped by over $1 billion, a 35% decline, amid concerns of North Korean hacking activities. This has led to a 20% decrease in the platform's native token value and significant withdrawals, including a $70 million USDC outflow in one day. Security experts warn that North Korean hackers may be preparing for a larger attack after testing the platform, which has already resulted in losses of approximately $701,000.
CryptoSlate
PRK Tom Wang Talor Monahan
Crypto, News Article
13:34 23.12.2024
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