North Korean hackers linked addresses have reportedly incurred losses exceeding $700,000 while trading on HyperLiquid, a decentralized exchange for perpetual futures. This activity, observed by crypto security expert Tay, could indicate the hackers are probing the platform's vulnerabilities for a potential future attack.
North Korea -linked addresses, possibly testing the exchange for weaknesses, have accrued losses exceeding $700,000, according to one observer. Addresses linked with North Korea n hackers have accumulated losses from trading markets on the platform, according to a post by hacker watcher Tay on social media platform X.
HyperLiquid, a layer-1 blockchain and decentralized exchange for perpetual futures (perps), has experienced a notable outflow of the USDC stablecoin amid speculation North Korean hackers are interacting with the platform, according to a post on X by pseudonymous observer Tay, known for tracking threats posed by to crypto protocols by the country.. USDC, the world's second-largest dollar-pegged stablecoin, is used as collateral on HyperLiquid. The deposit bridge still holds $2.2 billion in USDC.exceeding $700,000 while trading on HyperLiquid, Tay said. The transactions indicate the hackers are potentially familiarizing themselves with the platform's inner workings to launch a malicious attack. CoinDesk contacted HyperLiquid on X for comments on the USDC outflows and potential threat from North Korea. Tay said they reached out to the platform two weeks ago, offering help in countering a potential threat. 'I really want to emphasize that these are the most sophisticated and rapidly evolving of all of the DPRK threat groups. They are very creative and persistent. They also get their hands on 0days (such as the one Chrome patched today,'
CYBERSECURITY NORTH KOREA HYPERLIQUID HACKING CRYPTO
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