Decentralized exchange (DEX) Hyperliquid is facing significant turbulence as it recorded $60 million in USDC outflows amid rumors that North Korean hacking groups are actively targeting the platform. This has also affected the native token HYPE, which has fallen by more than 10% in the last 24 hours. Cybersecurity expert Tayvano revealed on December 22 that on-chain evidence suggests North Korean hackers have targeted Hyperliquid. The hackers have been actively trading on the platform and have incurred losses of more than $700,000 since they began their activities. However, Hyperliquid Labs denied any exploits or vulnerabilities on the platform and assured users that the funds are safe.
Credit : coinpedia.org
