Hyperliquid refutes North Korean Hacker-related allegations and denies any cybersecurity issues

The recent incident of Decentralization exchange platform Hyperliquid being targeted by North Korean Hacker has caused widespread concern and raised security doubts, and the official response to this incident this morning indicated that there is no evidence to show that Hyperliquid has been used by North Korean Hacker or any form of vulnerability, and they emphasized that the funds of all users are safe.

Incident: North Korean Hacker at Hyperliquid Exchange

The incident occurred when Taylor Monahan, the founder of MyEtherWallet, discovered a wallet address associated with a North Korean hacker. The address was used for contract transactions using Hyperliquid, resulting in a total loss of nearly $700,000. This has sparked community concern as these transaction activities were seen as the hacker testing the stability of the Hyperliquid system to assess its potential as a target for attack.

DPRK’s trading career is…uh….going….

tbh if i was the dude managing Hyperliquid’s 4 validators (or those fucking ghetto ass binaries on gh) I would be shitting my pants right now.

Hyperliquid dudes dont seem worried at all though so im sure its fine. pic.twitter.com/JrrU7t1sJe

— Tay (@tayvano_) December 22, 2024

The situation is escalating, and the community is concerned that Hyperliquid is targeted and hacked by North Korean hackers, causing its platform coin ‘HYPE’ to fall from a high of $35 to $28 yesterday, and on-chain data shows the largest outflow since its launch, with a total outflow of nearly $200 million yesterday.

Official response: The platform did not find any security vulnerabilities

This morning, Hyperliquid Labs officially released a report on North Korean network activities, claiming that there is no evidence to show that Hyperliquid has been exploited by North Korean hackers or has any vulnerabilities, and emphasizing that the funds of all users are safe. The company acknowledges awareness of the report on suspected North Korean address activities but insists that it has not been targeted by North Korean hackers. They also reiterated their commitment to operational security (opsec) and their generous bug bounty program.

The company emphasizes its strong operational security protocols, including a comprehensive rewards program for vulnerability bounty hunters and compliance with industry-leading blockchain analysis standards. In addition, Hyperliquid Labs also clarified the unprofessional behavior allegations against external security consultants, stating that the behavior was improper and emphasizing that the team will seek more trustworthy partners as security consultants.

〈Hyperliquid refutes North Korean Hacker-related accusations, claiming no security issues exist〉This article was first published on “Block Journal”.