Crypto Exchange Hyperliquid Faces Record Outflows Amid North Korean Trading Concerns

Reported 1 day ago

Hyperliquid, a crypto-derivatives platform, experienced its largest daily outflow as traders withdrew funds over fears that North Korean hackers had been using the exchange. Security expert Taylor Monahan revealed that digital wallets linked to the hackers had been active on Hyperliquid since October. Despite public concerns, Hyperliquid's development team stated that no exploits had occurred and all user funds were secure. Nonetheless, over $112 million in USDC left the platform, causing a 20% drop in its token price.

Source: YAHOO

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