$60Mn worth of USDC has been withdrawn from the HyperLiquid trading platform as wallet addresses linked to North Korean hackers have allegedly begun trading.
Experts believe these trades, which have accumulated a $700,000 loss, are tests for weaknesses.
HyperLiquid, the largest on-chain perpetual trading platform, has a total deposit volume of $12.14Bn and a daily trading volume of $6.20Bn.
HyperLiquid recently launched its native token called HYPE, with a current price of $27.97 and a market capitalization of $9.35Bn.