Perp-Focused HyperLiquid Experiences Record $60M in USDC Net Outflows

Perp-Focused HyperLiquid Experiences Record M in USDC Net Outflows

HyperLiquid, a layer-1 blockchain and decentralized alternate for perpetual futures (perps), has skilled a notable outflow of the USDC stablecoin amid hypothesis North Korean hackers are interacting with the platform, based on a submit on X by pseudonymous observer Tay, recognized for monitoring threats posed by to crypto protocols by the nation.

A report $60 million of USDC fled the alternate by 10:00 UTC Monday, based on Hashed Official’s Dune-based tracker. USDC, the world’s second-largest dollar-pegged stablecoin, is used as collateral on HyperLiquid. The deposit bridge nonetheless holds $2.2 billion in USDC.

Addresses related to hackers from the Democratic Individuals’s Republic of Korea (DPRK) have accrued losses exceeding $700,000 whereas buying and selling on HyperLiquid, Tay mentioned. The transactions point out the hackers are doubtlessly familiarizing themselves with the platform’s interior workings to launch a malicious assault.

“DPRK doesn’t trade. DPRK tests,” Tay mentioned.

CoinDesk contacted HyperLiquid on X for feedback on the USDC outflows and potential menace from North Korea.

Tay mentioned they reached out to the platform two weeks in the past, providing assist in countering a possible menace.

“I really want to emphasize that these are the most sophisticated and rapidly evolving of all of the DPRK threat groups. They are very creative and persistent. They also get their hands on 0days (such as the one Chrome patched today,” Tay’s message to the platform mentioned.

HyperLiquid is the main on-chain perpetuals alternate, commanding over 50% of the overall on-chain perpetuals buying and selling quantity, which tallied $8.6 billion up to now 24 hours.

The platform debuted its token HYPE on Nov. 29. Since then, it has
surged over 600% to $28.6, briefly topping $10 billion in market capitalization. As of writing, HYPE was the twenty second largest digital asset on this planet, based on Coingecko.

Supply hyperlink

bitcoin
Bitcoin (BTC) $ 97,032.00 0.06%
ethereum
Ethereum (ETH) $ 2,637.66 0.80%
tether
Tether (USDT) $ 1.00 0.00%
xrp
XRP (XRP) $ 2.40 2.61%
solana
Solana (SOL) $ 202.84 1.44%
bnb
BNB (BNB) $ 608.39 0.59%
usd-coin
USDC (USDC) $ 1.00 0.00%
dogecoin
Dogecoin (DOGE) $ 0.250226 2.47%
cardano
Cardano (ADA) $ 0.692882 1.58%
staked-ether
Lido Staked Ether (STETH) $ 2,632.75 0.74%
tron
TRON (TRX) $ 0.231654 0.92%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 96,746.92 0.05%
chainlink
Chainlink (LINK) $ 18.57 0.35%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,140.28 1.10%
avalanche-2
Avalanche (AVAX) $ 25.15 0.42%
sui
Sui (SUI) $ 3.13 1.02%
stellar
Stellar (XLM) $ 0.313391 5.42%
the-open-network
Toncoin (TON) $ 3.83 0.98%
shiba-inu
Shiba Inu (SHIB) $ 0.000016 2.61%
leo-token
LEO Token (LEO) $ 9.88 0.21%
hedera-hashgraph
Hedera (HBAR) $ 0.236084 1.61%
litecoin
Litecoin (LTC) $ 113.34 6.35%
usds
USDS (USDS) $ 1.00 0.00%
hyperliquid
Hyperliquid (HYPE) $ 23.37 1.09%
bitget-token
Bitget Token (BGB) $ 6.38 1.47%
weth
WETH (WETH) $ 2,638.76 0.66%
polkadot
Polkadot (DOT) $ 4.80 1.06%
bitcoin-cash
Bitcoin Cash (BCH) $ 327.42 0.51%
ethena-usde
Ethena USDe (USDE) $ 0.999548 0.07%
mantra-dao
MANTRA (OM) $ 6.08 0.74%
uniswap
Uniswap (UNI) $ 9.14 0.58%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,792.03 0.85%
ondo-finance
Ondo (ONDO) $ 1.32 3.30%
monero
Monero (XMR) $ 223.15 3.42%
pepe
Pepe (PEPE) $ 0.00001 0.36%
whitebit
WhiteBIT Coin (WBT) $ 27.41 0.74%
near
NEAR Protocol (NEAR) $ 3.18 5.93%
aave
Aave (AAVE) $ 246.20 0.53%
aptos
Aptos (APT) $ 6.06 2.93%
dai
Dai (DAI) $ 1.00 0.01%
mantle
Mantle (MNT) $ 1.02 2.69%
internet-computer
Internet Computer (ICP) $ 7.03 0.19%
susds
sUSDS (SUSDS) $ 1.03 0.28%
official-trump
Official Trump (TRUMP) $ 15.63 11.11%
bittensor
Bittensor (TAO) $ 378.56 2.60%
ethereum-classic
Ethereum Classic (ETC) $ 20.34 0.51%
okb
OKB (OKB) $ 47.78 1.68%
gatechain-token
Gate (GT) $ 21.54 0.34%
vechain
VeChain (VET) $ 0.03255 1.67%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.306269 1.82%
crypto-com-chain
Cronos (CRO) $ 0.092966 2.49%
algorand
Algorand (ALGO) $ 0.283433 1.10%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 97,036.00 0.10%
render-token
Render (RENDER) $ 4.37 0.79%
kaspa
Kaspa (KAS) $ 0.088049 0.30%
tokenize-xchange
Tokenize Xchange (TKX) $ 28.00 1.09%
jupiter-exchange-solana
Jupiter (JUP) $ 0.832431 4.11%
filecoin
Filecoin (FIL) $ 3.33 0.21%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 0.791536 5.56%
first-digital-usd
First Digital USD (FDUSD) $ 0.999534 0.30%
cosmos
Cosmos Hub (ATOM) $ 4.64 0.64%
arbitrum
Arbitrum (ARB) $ 0.459218 0.11%
lombard-staked-btc
Lombard Staked BTC (LBTC) $ 96,933.97 0.52%
fasttoken
Fasttoken (FTN) $ 3.93 0.03%
celestia
Celestia (TIA) $ 3.17 1.66%
binance-staked-sol
Binance Staked SOL (BNSOL) $ 209.94 1.72%
binance-peg-weth
Binance-Peg WETH (WETH) $ 2,641.48 0.52%
kelp-dao-restaked-eth
Kelp DAO Restaked ETH (RSETH) $ 2,733.90 0.66%
ethena
Ethena (ENA) $ 0.486148 5.94%
solv-btc
Solv Protocol SolvBTC (SOLVBTC) $ 96,872.95 0.19%
kucoin-shares
KuCoin (KCS) $ 12.05 1.08%
optimism
Optimism (OP) $ 1.09 2.39%
xdce-crowd-sale
XDC Network (XDC) $ 0.09158 1.42%
injective-protocol
Injective (INJ) $ 14.69 4.86%
immutable-x
Immutable (IMX) $ 0.817234 0.84%
blockstack
Stacks (STX) $ 0.928376 2.43%
raydium
Raydium (RAY) $ 4.72 8.59%
lido-dao
Lido DAO (LDO) $ 1.51 2.87%
bonk
Bonk (BONK) $ 0.000017 4.16%
theta-token
Theta Network (THETA) $ 1.33 1.04%
rocket-pool-eth
Rocket Pool ETH (RETH) $ 2,963.83 0.66%
nexo
NEXO (NEXO) $ 1.31 1.07%
sonic-3
Sonic (prev. FTM) (S) $ 0.410146 0.96%
the-graph
The Graph (GRT) $ 0.134072 0.69%
quant-network
Quant (QNT) $ 87.94 0.19%
movement
Movement (MOVE) $ 0.524499 5.64%
mantle-staked-ether
Mantle Staked Ether (METH) $ 2,788.15 0.76%
worldcoin-wld
Worldcoin (WLD) $ 1.25 1.15%
flare-networks
Flare (FLR) $ 0.020912 4.75%
usual-usd
Usual USD (USD0) $ 0.996191 0.14%
dexe
DeXe (DEXE) $ 19.21 14.94%
jasmycoin
JasmyCoin (JASMY) $ 0.022481 0.67%
solv-protocol-solvbtc-bbn
Solv Protocol SolvBTC.BBN (SOLVBTC.BB) $ 95,842.68 0.39%
msol
Marinade Staked SOL (MSOL) $ 256.99 1.43%
sei-network
Sei (SEI) $ 0.229131 0.20%
gala
GALA (GALA) $ 0.022541 2.04%
eos
EOS (EOS) $ 0.620173 0.95%
the-sandbox
The Sandbox (SAND) $ 0.38338 1.65%
tezos
Tezos (XTZ) $ 0.884918 1.31%
floki
FLOKI (FLOKI) $ 0.000094 0.91%
Scroll to Top