Today, HYPE has encountered a major issue! Since its launch, it has experienced its largest correction, with a daily drop of over 20%!
As of 14:00 Beijing time, HYPE's price has dropped to 26.21 USDT, which is a significant decline compared to yesterday.
However, this decline seems to be more than just a simple market adjustment.
Notable security researcher Tay (@tayvano_) issued a warning, stating that multiple North Korean hacker addresses have recently been trading on Hyperliquid, with losses exceeding $700,000!
This has caused many to worry that North Korean hackers may be targeting Hyperliquid, attempting to identify system vulnerabilities through test transactions.
Although HYPE has not been attacked yet, Tay mentioned on social media: 'If I were one of the validators of Hyperliquid, I might be too scared to move right now!' It seems that the activities of North Korean hackers have raised alarms for many, as they do not easily overlook any valuable targets.
Tay's message has sparked a major discussion in the community, with some even suggesting that Hyperliquid's validation system may be the weakest link at the moment.
More seriously, there are actually 2.3 billion USDC in Hyperliquid's bridging contracts. If the validators are indeed hacked, the attackers might be able to steal these funds by controlling most of the validators.
Don't underestimate this as merely a technical issue; the funds involved could be substantial, requiring intervention from both Circle and Arbitrum's defenses to prevent losses.
However, many people are skeptical about Tay's warning, believing it may just be a publicity stunt. After all, North Korean hackers always target high market cap projects, and Tay is associated with Consensys, which may indicate ulterior motives.
At the same time, some people support Tay, believing his warnings are very important, as such hacker attacks could significantly impact the entire cryptocurrency market.
Nonetheless, Hyperliquid's recent fluctuations have served as a warning to everyone. Although the project has not experienced a real attack yet, this incident has exposed its security and system vulnerabilities, prompting a reevaluation of its potential and risks.
For this industry, perhaps this is also a 'touchstone'. Hyperliquid's future performance may determine whether it can get back on track and continue to attract investors' attention.
