Hyperliquid under scrutiny amid signs of North Korean hacker activity

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“You either die a hero, or you live long enough to see yourself become the villain.” — Harvey Dent

For Hyperliquid, it took all of 25 days since its highly acclaimed airdrop to run into a bout of controversy.

It started when Taylor Monahan (@tayvano), a security researcher at MetaMask, sounded the alarm on a series of Hyperliquid transactions made from North Korea-tagged wallets. Based on Monahan’s data, the wallets have accrued a $701k loss from ETH perps positions.

It’s a meager amount for a state-sponsored hacker group. But what got people in an uproar was the revelation that…

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