The team behind the decentralized cryptocurrency exchange Hyperliquid denies that the platform was attacked by North Korean hackers.
On December 23, it was revealed that North Korean hackers had suffered a major loss trading Ethereum on Hyperliquid. On December 18, they deposited $476,489 in USD Coin (USDC) stablecoins and then bought $2,8 million worth of ETH when the coin was trading at $3,792. Two days later, the digital asset plummeted in value, and their open long position selling Ethereum at $3,252 was liquidated. This left the hackers with a realized loss of $399,954.
Hyperliquid Exchange Operations Carried Out by North Korean Hackers
Some Hyperliquid users were scared by the exchange hack and began withdrawing their savings. As a result, the trading platform lost $60 million worth of cryptocurrencies, and the price of the Hyperliquid coin (HYPE) issued by the company fell by 26%. However, no facts were provided to prove that the platform had been hacked, and traders panicked purely due to speculation.
Hyperliquid has not been attacked by hackers from the DPRK or any other countries. Client funds have not disappeared. The exchange employees take the issue of ensuring security seriously. No one reported any vulnerabilities to our platform. The point is that no one even transmitted data about the hack of the site, - said Hyperliquid representatives.
