Hashed: Hyperliquid, the top DeFi derivatives exchange by volume, had $112M+ of USDC outflows on December 23, over concerns of trading by North Korean hackers
- Hyperliquid is the largest DeFi derivatives exchange by volume — Security expert says Hyperliquid faces threat from North Korea
Bloomberg Muyao Shen
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Discussion
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@tayvano_
Tay
on x
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. 🫠 [image]
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@wublockchain
Wu Blockchain
on x
Hyperliquid Labs: 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. No vulnerabilities have
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@0xcygaar
@0xcygaar
on x
I can't speak much on the security of the actual Hyperliquid validators, but I am somewhat familiar with how the HL USDC bridge and Arbitrum work. Right now there's $2.3B of USDC in the HL bridge contract deployed on Arbitrum. Most of the functions in this bridge contract are
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@safetyth1rd
@safetyth1rd
on x
secured by four validators, being probed by Lazarus Ignoring security issues Hyper liquid
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@stoicsavage
@stoicsavage
on x
can everyone calm the fuck down now hyperliquid [image]
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@0xfoobar
@0xfoobar
on x
[image]
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@silvermanjacob
Jacob Silverman
on x
Next question is: how many North Korean programmers does Hyperliquid employ, knowingly or not. Time to take a closer look at those company devs you've never met in person who claim to live in Singapore or Thailand.
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@jillrgunter
Jill Gunter
on x
Imagine being a VC amid the Hyperliquid / DPRK / Tay fallout and deciding yeah, I could just not say anything... or I could randomly chime in with this and not bring any receipts💀💀💀 [image]
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@zeneca
@zeneca
on x
my best attempt at a tldr on this North Korea / Hyperliquid stuff: An industry veteran white hacker made a tweet saying they think Hyperliquid should chat with them bc North Korea is trading on their platform and trying to find a way to exploit it (they do this on lots of
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@evgenygaevoy
@evgenygaevoy
on x
I know Tay can be rough around the edges when it comes to communication style, but you don't mess with indicators like this
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@tusharjain_
Tushar Jain
on x
Imagine how OFAC will react to a no KYC centralized exchange with North Korean activity (4 closed source validators = centralized)
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@poorguard
@poorguard
on x
OK, so in case you didn't get it and are raging at Tay in the comments: 1. North Korea doesn't trade on Hyperliquid. If they are getting liquidated on HL, it means they are testing a potential vulnerability. 2. Yes she works at Metamask, which is irrelevant. Hope this helps.
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@blknoiz06
@blknoiz06
on x
hyperliquid [image]