Hyperliquid Labs Denies Cyberattack Claims, Assures Users of Security

Hyperliquid Labs, the developer behind the HYPE token, has addressed recent claims alleging the involvement of North Korean hackers in a cyberattack against its platform.

The company has strongly refuted these allegations, assuring its users that no cyberattacks, including any from North Korea, have targeted its network. It also reassured customers that all funds remain securely managed.

With a market capitalization of $7.25 billion, HYPE has been a prominent altcoin, though it is not available on major exchanges like Coinbase or Binance.

Hyperliquid Labs emphasized its commitment to maintaining robust security measures and compliance with best practices.

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The firm also invited security experts to join its vulnerability reporting program.

Additionally, it clarified a prior incident where an individual falsely claimed to represent a legitimate entity, causing disruptions in a group chat with unprofessional conduct.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.