Hyperliquid (HYPE) Threatened By North Korean Hackers: What Investors Need To Know

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Bitcoinist 22h ago

Hyperliquid (HYPE) Threatened By North Korean Hackers: What Investors Need To Know - Bitcoinist

Quick Summary:

Hyperliquid (HYPE), a decentralized perpetual exchange (DEX) operating on its own Layer 1 blockchain, is currently grappling with significant security concerns after observing abnormal trading activities linked to North Korean hacker groups.

He expressed his concerns through a post 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.

He discussed the potential for violations of US Office of Foreign Assets Control (OFAC) sanctions and Securities and Exchange Commission (SEC) regulations due to the platform’s interaction with entities from a sanctioned country and its operation as an unregistered broker, respectively.