Hyperliquid Labs, a decentralized perpetual futures trading platform, has strongly denied allegations of being exploited by wallets linked to North Korean hackers.
The company has assured its users that no vulnerabilities have been found and all funds remain secure, following widespread concerns about suspicious trading activity.
Reports of DPRK-Linked Wallets Spark Security Concerns
Concerns emerged after Taylor Monahan, a security expert, claimed that wallets flagged as being associated with North Korean hackers had engaged in trading on Hyperliquid’s platform.
These wallets reportedly conducted transactions involving Ethereum (ETH), leading to liquidations totaling over $700,000.
Monahan, in a statement on social media, suggested the activity could have been an attempt to probe the platform’s defenses. The activity triggered fears among users, leading to significant withdrawals of USDC from the platform. According to data from Hashed’s Dune Analytics dashboard, over $194 milli
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