Hyperliquid, known for focusing on decentralized finance applications, faced a $256 million outflow after reports surfaced about North Korean hackers trading on their platform. Despite this, HYPE, the native cryptocurrency of the Layer 1 network, saw a massive 10% increase within just 24 hours.
The allegations of North Korean involvement did not deter the rise of HYPE, showcasing resilience in the crypto space. The denial from Hyperliquid about their exposure to these hackers was a turning point in their narrative, as they managed to reassure investors and maintain the token's value.
