HyperLiquid, a layer-1 blockchain and
HyperLiquid, a layer-1 blockchain and decentralized exchange for perpetual futures (perps), has seen a significant outflow of the USDC stablecoin amid speculation that North Korean hackers may be interacting with the platform. This is based on a post by X’s pseudonymous observer Tay, who tracks threats posed by North Korea to crypto protocols.
According to Hashed Official’s Dune-based
According to Hashed Official’s Dune-based tracker, $60 million worth of USDC left the exchange by 10:00 UTC on Monday. USDC, the world’s second-largest dollar-pegged stablecoin, is often used as collateral on HyperLiquid. Despite this, the deposit bridge still holds $2.2 billion in USDC. Addresses associated with North Korean hackers have reportedly accrued losses exceeding $700,000 while trading on HyperLiquid, suggesting they may be testing the platform’s inner workings to launch a malicious attack.
CoinDesk reached out to HyperLiquid for comment but did not receive a response. Tay claims to have contacted the platform two weeks ago, offering assistance in countering any potential threats.
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