Hyperliquid Shuts Down Hack Rumors, HYPE Bounces Back
Drama hit Hyperliquid after allegations tied to DPRK wallets stirred chaos, pulling $194M in withdrawals and tanking the HYPE token 25%.
Security OG Taylor Monahan flagged $700K in liquidations as “DPRK tests,” but Hyperliquid clapped back: “No exploits. All funds safe.”
Despite the turbulence, HYPE rebounded to $27, and Hyperliquid’s still holding strong with 55% of on-chain perpetual futures volume.