Hyperliquida, a layer-1 decentralized trading
Hyperliquida, a layer-1 decentralized trading platform, has experienced a significant drop in its Total Value Locked (TVL), with a reduction of over $1 billion in the past week due to reported suspicious activity tied to North Korean hackers. This decline has caused a 20% drop in Hyperliquida’s native token value over the previous 24 hours.
According to data from DeFiLlama,
According to data from DeFiLlama, Hyperliquida’s TVL has decreased 35% in the past week to $2.25 billion, down from $3.45 billion on December 17. While inflows and outflows appear stable, there are concerns about the impact of security issues on the platform. Web3 security expert Talor Monahan has observed a surge in transactions from North Korea-linked addresses, raising concerns about a potential targeted attack.
The most recent Chainalysis report revealed that North Korean hackers stole $1.34 billion across 47 attacks in 2024 – a substantial increase from the $660 million recorded in 2023.