North Korean hackers lost 700,000 mg in currency speculation; security experts warn Hyperliquid: You are being targeted!
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According to the information shared by cybersecurity researcher Tayvano on X, multiple North Korean hacker-associated addresses are conducting transactions on the decentralized exchange platform Hyperliquid. The data shows that these addresses have incurred a total loss of over $700,000. Tayvano is a well-known cybersecurity expert in the cryptocurrency industry who has voluntarily participated in investigations of such hacker attacks.
However, Tayvano warned that the focus should not be on making or losing money, but on the underlying risks. Tay wrote in a tweet: "To be honest, if I were responsible for managing the four validator nodes of Hyperliquid, I would probably be scared shitless right now."
Some interpreted Tayvano's warning as a "regulatory risk," as the U.S. government could intervene and force Hyperliquid to freeze the assets associated with the hackers. Tayvano responded sarcastically: "Hahaha, those idiots who think the risk comes from the U.S. government forcing Hyperliquid to freeze assets really make me laugh. Guys, the North Korean hackers are not trading, they are testing."
In a subsequent tweet, Tayvano shared a screenshot of a private conversation with the Hyperliquid team, in which he warned the team about the potential for a North Korean hacker attack and urged them to take immediate action. However, the Hyperliquid team did not respond to Tayvano's warning.
In response to Tayvano's tweets, another security expert, Jurad, stated that he had externally checked the security of Hyperliquid and found its performance to be quite good, even better than most projects. Jurad also addressed Tayvano, saying: "Even if your intentions are good, you should not publicly discuss hypothetical threats on Twitter. You should only issue a public alert when a real threat is occurring."
Jurad also mentioned that North Korean hackers have been actively using tools in the DeFi space. All major projects and dApps are equally vulnerable to attacks, and HL is not particularly special.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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