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Chronicles

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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

Discussion

  • @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]
  • @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
  • @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
  • @safetyth1rd @safetyth1rd on x
    secured by four validators, being probed by Lazarus Ignoring security issues Hyper liquid
  • @stoicsavage @stoicsavage on x
    can everyone calm the fuck down now hyperliquid [image]
  • @0xfoobar @0xfoobar on x
    [image]
  • @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.
  • @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]
  • @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
  • @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
  • @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)
  • @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.
  • @blknoiz06 @blknoiz06 on x
    hyperliquid [image]