The Hyperliquid token has experienced a dramatic decline of 21% amid concerns regarding potential hacking threats from North Korea. A crypto wallet linked to a North Korean hacking group reportedly lost around $500,000 on Hyperliquid, which has prompted fears that the hackers are probing for vulnerabilities in the platform. Hyperliquid, a decentralized finance (DeFi) project, operates on a high-speed blockchain built on a popular layer-2 network and launched its token, HYPE, recently. Security experts have flagged several vulnerabilities due to its reliance on just four validators that may be easily compromised. While Hyperliquid's developers attempted to reassure users that there has been no exploit, some experts suspect that North Korean hackers may have already infiltrated the infrastructure. Following these unsettling developments, HYPE's price plummeted from its peak over the weekend, leading to substantial outflows of funds from the platform, raising significant concerns about Hyperliquid’s security and future viability.

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