The post Hyperliquid Labs debunks DPRK links, but experts are unsure appeared on BitcoinEthereumNews.com.

Hyperliquid Labs, the team behind HYPE’s $28 billion FDV token, refuted claims that North Korean hackers had infiltrated its layer-1 protocol. Hyperliquid Labs (HYPE) shared an announcement debunking any links between whale activity and a possible exploit masterminded by hackers from the Democratic People’s Republic of Korea. Per a message published on the project’s Discord server, “no vulnerabilities have been shared by any party,” and white hats are welcome to submit bug reports as part of a “generous bug bounty program. On Dec. 23, a HYPE whale sold 1 million tokens amid speculation that North Korean hackers actively traded on the layer-1 blockchain. Security veterans like MetaMask developer Taylor Manohan stated that hackers, likely part of the notorious Lazarus Group, may be prodding for weakness. 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 Data showed that DPRK-tagged wallets executed on-chain swaps and lost about $700,000. “Yall, DPRK doesn’t trade. DPRK tests” Tayvano, as Manohan is known online, asserted while community members searched for answers. We are aware of reports circulating regarding activity by supposed DPRK addresses. There has been no DPRK exploit – or any exploit for that matter – of Hyperliquid. All user funds are accounted for. Hyperliquid Labs takes opsec seriously. Hyperliquid Labs via Discord Hyperliquid debacle The matter became heated on social media, as HYPE holders bashed Manohan for spreading FUD – an acronym for “fear, uncertainty, doubt” – around Hyperliquid. Yet, industry leaders like Polygon CISO Mudit Gupta, Coinbase director Conor Grogan, and podcaster Laura Shin rallied about Manohan, emphasizing the merits…

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Filed under: News - @ December 23, 2024 7:19 pm