{"id":19797,"date":"2024-12-23T10:51:49","date_gmt":"2024-12-23T08:51:49","guid":{"rendered":"https:\/\/forklog.com\/en\/concerns-arise-over-potential-hyperliquid-breach\/"},"modified":"2024-12-23T10:51:49","modified_gmt":"2024-12-23T08:51:49","slug":"concerns-arise-over-potential-hyperliquid-breach","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/concerns-arise-over-potential-hyperliquid-breach\/","title":{"rendered":"Concerns Arise Over Potential Hyperliquid Breach"},"content":{"rendered":"<p>Several users on X have noted that wallets linked to North Korean hackers are actively trading on the DEX Hyperliquid. Among those commenting was MetaMask wallet developer Taylor Monahan.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">DPRK&#8217;s trading career is\u2026uh\u2026.going\u2026..?<\/p>\n<p>tbh if i was the dude managing Hyperliquid&#8217;s 4 validators (or those fucking ghetto ass binaries on gh) I would be shitting my pants right now.<\/p>\n<p>Hyperliquid dudes dont seem worried at all though so im sure its fine. ? <a href=\"https:\/\/t.co\/JrrU7t1sJe\">pic.twitter.com\/JrrU7t1sJe<\/a><\/p>\n<p>\u2014 Tay ? (@tayvano_) <a href=\"https:\/\/twitter.com\/tayvano_\/status\/1870960207842701358?ref_src=twsrc%5Etfw\">December 22, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to her calculations, the total losses from these transactions exceeded $700,000. <\/p>\n<p>The community speculated that cybercriminals have targeted Hyperliquid as a potential victim and are conducting transactions to test the system&#8217;s stability. The primary concern is the hackers&#8217; ability to gain control over the majority of validators, akin to the Axie Infinity breach.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Hyperliquid&#8217;s team is probably North Korea&#8217;s biggest target right now.<\/p>\n<p>$2B custodied by a 3\/4 validator set.<\/p>\n<p>Not a black swan if it gets drained IMO.<br \/>Study Axie infinity &#8220;hack&#8221; <a href=\"https:\/\/t.co\/tL312iVEH8\">https:\/\/t.co\/tL312iVEH8<\/a> <a href=\"https:\/\/t.co\/19iN95J7oT\">https:\/\/t.co\/19iN95J7oT<\/a><\/p>\n<p>\u2014 Santisa (@Tiza4ThePeople) <a href=\"https:\/\/twitter.com\/Tiza4ThePeople\/status\/1868471982934958409?ref_src=twsrc%5Etfw\">December 16, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Later, Monahan, citing Hyperliquid holders, reported that the only supported network, Arbitrum, is supposedly set to &#8220;roll back&#8221; in the event of a platform breach. <\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">Muting this shit now.<\/p>\n<p>HL hodlers convinced me it&#8217;s fine because Arbitrum will roll back if HL gets hacked. ?<\/p>\n<p>Really though this isn&#8217;t a thing that is up for debate lol. We are well past that fucking point.<\/p>\n<p>HL either acts to harden their system. Or they dont.<\/p>\n<p>(Please do ?)<\/p>\n<p>\u2014 Tay ? (@tayvano_) <a href=\"https:\/\/twitter.com\/tayvano_\/status\/1871032771084476866?ref_src=twsrc%5Etfw\">December 23, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Nonetheless, she urged the project to protect the system by all possible means.<\/p>\n<p>Representatives of Hyperliquid have not commented on the situation.<\/p>\n<p>At the time of writing, the total value locked on the platform exceeds $1.8 billion, according to <a href=\"https:\/\/defillama.com\/chain\/Hyperliquid\">DeFi Llama<\/a>.<\/p>\n<p>In late November, Hyperliquid launched its native token HYPE, which tripled in value within five days. By mid-December, the influx of USDC to the exchange following the airdrop reached $1 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Several users on X have noted that wallets linked to North Korean hackers are actively trading on the DEX Hyperliquid. Among those commenting was MetaMask wallet developer Taylor Monahan. DPRK&#8217;s trading career is\u2026uh\u2026.going\u2026..? tbh if i was the dude managing Hyperliquid&#8217;s 4 validators (or those fucking ghetto ass binaries on gh) I would be shitting [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":19796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1111,1093,787,1202],"class_list":["post-19797","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cybersecurity","tag-defi","tag-dex","tag-north-korea-dprk"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19797","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=19797"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19797\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/19796"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=19797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=19797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=19797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}