Hyperliquid: Not affected by North Korean hacker attacks, all user funds have been properly handled

According to Bloomberg, the cryptocurrency derivatives trading platform Hyperliquid experienced its largest single-day fund outflow in history as traders worried about North Korean hackers operating on the exchange rushed to withdraw their funds. Taylor Monahan, a security expert at digital wallet provider MetaMask, said that digital wallets associated with these hackers began trading on Hyperliquid as early as October. On Monday, she shared the addresses of these suspicious wallets and their activities on social media platform X. Monahan pointed out that such transactions are often a way for North Korean hackers to test potential security vulnerabilities on platforms like Hyperliquid.

The core development team of Hyperliquid stated in a declaration: "Hyperliquid Labs has noticed reports concerning so-called North Korean address activity; however, Hyperliquid has never been attacked or exploited by North Korea or any other party. All user funds have been properly handled."

Monahan's post sparked widespread discussion on social media, with some supporters of Hyperliquid criticizing her for creating unnecessary panic. According to data compiled by venture capital fund Hashed on Dune Analytics, more than $112 million worth of stablecoin USDC flowed out from the exchange on Monday alone. According to tracking platform CoinGecko's data, the price of HYPE token from this exchange fell 20%.