<ul><li>Hyperliquid, a Layer 1 blockchain and decentralized exchange, experienced a decline in token value and total value locked (TVL) after reports of potential involvement by North Korean hackers.</li><li>Security expert Taylor Monahan flagged suspicious wallet activity linked to the Democratic People’s Republic of Korea (DPRK), leading to a 20% drop in the HYPE token price and TVL.</li><li>Hyperliquid denied any breach, stating that there has been no DPRK exploit.</li><li>The incident highlights the ongoing risks of cyberattacks in the DeFi sector.</li></ul>

North Korean hack fears sent Hyperliquid’s HYPE token on a rollercoaster

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