News Explorer — Traders Flee DeFi Platform Hyperliquid Amid Security Concerns

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Dec 23, 5:25 pm

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Traders Flee DeFi Platform Hyperliquid Amid Security Concerns

North Korean hackers targeted Hyperliquid, a DeFi project, resulting in a $500,000 loss. The project's vulnerabilities make it a prime target for hackers to potentially gain control of billions of dollars. Despite reassurances, experts suspect hackers may have already infiltrated Hyperliquid's infrastructure. The platform has seen its largest daily USDC outflows to date so far on Monday.

North Korean hackers targeted Hyperliquid, a DeFi project, resulting in a $500,000 loss. The project's vulnerabilities make it a prime target for hackers to potentially gain control of billions of dollars. Despite reassurances, experts suspect hackers may have already infiltrated Hyperliquid's infrastructure. The platform has seen its largest daily USDC outflows to date so far on Monday.

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