Hackers from North Korea crash one of the largest cryptocurrency exchanges

Bloomberg reports that Hyperliquid, a cryptocurrency derivatives exchange, has experienced a massive outflow of funds of more than $ 112 million after warnings about the possible presence of North Korean hackers on the platform.

The alarm was raised by security expert Taylor Monahan of MetaMask, who detected suspicious wallet activity that could be linked to the DPRK. According to her, hackers could have used the platform to test vulnerabilities, which caused panic among exchange users.

Despite assurances from Hyperliquid developers that there were no hacks and that users' funds were safe, the HYPE token lost 20% of its value. The situation is exacerbated by the fact that the exchange’s blockchain software is managed by a closed group of developers, which contradicts the principles of full decentralization.

Despite the scandal, Hyperliquid has maintained its leadership position in decentralized finance, demonstrating exceptional performance: last week’s average daily trading volume was $ 8.8 billion, and recently the exchange set a record of $ 15 billion per day.

The incident has split the crypto community into two camps: some criticize Monahan for jumping to premature conclusions, while others support her vigilance in identifying potential threats to the platform’s security.