4M
...
This is a segment from the 0xResearch newsletter. To read full editions, subscribe.
“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…
Read more on Blockworks