The incident involving the decentralized trading platform Hyperliquid being targeted by North Korean hackers has attracted widespread attention, raising cybersecurity concerns. This morning, the official response to the incident stated that there is no evidence showing that Hyperliquid has been exploited by North Korean hackers or that there are any vulnerabilities, emphasizing that all user funds are secure.
Incident origin: North Korean hackers trading on Hyperliquid
The incident originated yesterday when MyEtherWallet founder Taylor Monahan discovered a wallet address linked to North Korean hackers using Hyperliquid for contract trading, resulting in a total loss of nearly $700,000. This raised concerns in the community that these trading activities were hackers testing the stability of the Hyperliquid system to assess its potential as a target for attacks.
DPRK's trading career is…uh….going…..
tbh if I was the dude managing Hyperliquid's 4 validators (or those fucking ghetto ass binaries on gh) I would be shitting my pants right now.
Hyperliquid dudes don't seem worried at all though so I'm sure it's fine. pic.twitter.com/JrrU7t1sJe
— Tay (@tayvano_) December 22, 2024
The incident escalated, with the community worried that Hyperliquid was targeted by North Korean hackers, leading to its platform token 'HYPE' dropping from a high of $35 to $28 yesterday, while on-chain data showed the exchange recorded its largest outflow of funds since launch, with nearly $200 million flowing out yesterday.
Official response: No security vulnerabilities detected by the platform
This morning, Hyperliquid Labs officially responded to the report regarding North Korean cyber activities, claiming that there is no evidence that Hyperliquid has been exploited by North Korean hackers or that there are any vulnerabilities, emphasizing that all user funds are secure. The company acknowledged awareness of the reports regarding suspected North Korean address activities but insisted that it has not become a target of North Korean hackers. They reiterated their commitment to operational security (opsec) and their generous rewards program for vulnerability reports.
The company emphasized its strong operational security protocols, which include a comprehensive rewards program for bounty hunters and adherence to industry-leading blockchain analysis standards. Additionally, Hyperliquid Labs clarified allegations of unprofessional behavior by external security consultants, stating that the individual acted inappropriately and emphasized that the team will seek more trustworthy partners as security consultants.
"Hyperliquid refutes allegations related to North Korean hackers, stating that there are no cybersecurity issues" was first published on (Blockcast).