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Hyperliquid Token Falls 21% Following North Korean Hacking Concerns

  • HYPE token dropped 21% following reports of potential North Korean hacker activity on Hyperliquid platform
  • Security expert Taylor Monahan identified suspicious wallet activity, suggesting North Korean hackers are probing for vulnerabilities
  • Hyperliquid completed a $1.6 billion token airdrop in November 2024, reaching $11 billion market cap
  • Over $211 million in USDC withdrawn from platform amid security fears

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