Is Lazarus Group About to Hack HyperLiquid?
Hyperliquid has denied being hacked by North Korea’s Lazarus Group, despite on-chain data showing evidence of large-scale fund withdrawals. According to reports, on-chain data shows that North Korea-related wallet On December 23, multiple addresses collectively deposited and withdrew a large amount of ETH from the platform.
Tyler Monaghan, Safety expert MetamaskIt warns that hackers do not need to interfere with user funds to breach security and has discovered an apparent vulnerability in the Hyperliquid system.
Superliquid: Lazarus’ next target?
super liquid, Decentralized exchangeformally responded to critics via Discord. Rumors about North Korean hacking It has been circulated today to guide users Withdraw $60 million from the platform. this Prior to recent developments, the exchange’s HYPE token was already decliningprompting public accounts to perform damage control
“North Korea has not exploited Hyperliquid, nor has there been any exploit related to it. All user funds have been accounted for. Hyperliquid Labs takes OpSec very seriously. No vulnerabilities have been shared by any party. To be clear, there has never been any targeting of Hyperliquid Allegations of exploitation,” one of the platform’s executives posted on Discord.
Hyperliquid has not provided any public statement or announcement to publicly explain the allegations. On the contrary, on-chain data reveal The Lazarus-linked account deposited $476,489 in ETH tokens into Hyperliquid and then withdrew them.
While these are not concrete signs of an exploit, they do raise questions about why the platform saw such a large outflow of funds from suspicious wallet addresses in a single day.
However, MetaMask security expert Taylor Monahan strongly advocates urge Be more cautious. The crypto industry is well aware of the seriousness of any incident related to the notorious Lazarus Group. As a result, security experts say Hyperliquid should take its threats very seriously.
North Korean hackers remain a nightmare
The U.S. government believes Lazarus stole nearly $900 million. Overall, North Korean hackers are behind some incidents The Biggest Cryptocurrency Hacks of 2024. In fact, North Korean actors are behind this criticism. Radiant Capital Hacks Earlier this year, this involved a breach of the platform’s complex multi-signature wallet authentication.
Speculation that similar entities may show interest in Hyperliquid is very concerning.
“I’m very concerned that the risk you face will increase because we know that these specific threat actors are now very familiar with your platform. I really want to emphasize that these groups are the most sophisticated and fastest-evolving of all North Korean threat groups. They Very creative and persistent” Monaghan. claim.
Monahan went on to say that the exchange’s evasive and defiant attitude is a very worrying sign. Even if Lazarus didn’t disrupt any funds on Hyperliquid, it may have penetrated its security.
Metamask security experts also point out The company has no more than 4 validators, all running the same code, and an unknown number of higher-ups were able to bypass critical security holes.
Simply put, if founders, executives, and engineers use the same devices to access the same systems, a single link to malware can disrupt the entire operation. Lateral movement is one of the key strategies North Korean hackersthey utilize multiple access points to move around the network.
Therefore, if a high-level person’s personal device is compromised, a major hack is inevitable. So far, though, Hyperliquid doesn’t appear to be fazed by the accusations.
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