Hyperliquidate
Contents
Hyperliquidate
North Korean hackers don't take holidays.
While crypto traders were hanging their stockings with care, Tayvano spotted DPRK-linked addresses testing Hyperliquid's defenses - a protocol with over $2 billion in TVL secured by just four validators.
Memories of Ronin's $624M hack still haunt the industry, where compromising five out of nine validators was enough to drain the bridge.
Hyperliquid's setup currently has 4 validators and requires only three signatures to control billions.
The warnings sparked widespread panic, sending HYPE tumbling 21% and triggering over $210 million in outflows.
Hyperliquid's team dismissed the concerns, claiming "no vulnerabilities have been shared by any party."
Santa might be checking his list twice, but DPRK hackers are scanning for a different kind of chimney to slide down this Christmas - one that leads straight to Hyperliquid's bridge contract.
Could somebody be getting coal in their stocking this holiday season?
Credit: Defi Llama, Mudit Gupta, Decrypt, ZachXBT, Tayvano, Viktor Bunin, Hyperliquid, Nass Eddequiouaq, …
North Korean hackers don't take holidays.
While crypto traders were hanging their stockings with care, Tayvano spotted DPRK-linked addresses testing Hyperliquid's defenses - a protocol with over $2 billion in TVL secured by just four validators.
Memories of Ronin's $624M hack still haunt the industry, where compromising five out of nine validators was enough to drain the bridge.
Hyperliquid's setup currently has 4 validators and requires only three signatures to control billions.
The warnings sparked widespread panic, sending HYPE tumbling 21% and triggering over $210 million in outflows.
Hyperliquid's team dismissed the concerns, claiming "no vulnerabilities have been shared by any party."
Santa might be checking his list twice, but DPRK hackers are scanning for a different kind of chimney to slide down this Christmas - one that leads straight to Hyperliquid's bridge contract.
Could somebody be getting coal in their stocking this holiday season?
Credit: Defi Llama, Mudit Gupta, Decrypt, ZachXBT, Tayvano, Viktor Bunin, Hyperliquid, Nass Eddequiouaq, …