Approximately $60 million in USDC has been withdrawn from the HyperLiquid perpetual trading platform due to concerns about wallet activities linked to North Korea potentially leading to an attack. Over the weekend, wallet addresses associated with North Korean hacking groups were observed engaging in trades on the Perp trading platform. An individual known as Tay, knowledgeable about cybersecurity and DPRK hacker groups, highlighted that DPRK hackers do not trade but rather test platforms. This testing, despite resulting in losses, allows hackers to familiarize themselves with HyperLiquid's system. Tay also pointed out vulnerabilities in HyperLiquid's Layer-1 blockchain, indicating that with access to '0 days,' hackers could exploit the platform's limited validators. Despite these security risks, HyperLiquid has seen significant growth, becoming the largest on-chain perpetual trading platform with a substantial user base and trading volume. The platform's native token, HYPE, has experienced a remarkable price surge since its launch, solidifying its position as a prominent cryptocurrency in the market. Read more AI-generated news on: https://app.chaingpt.org/news

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