North Korean hackers active on Hyperliquid, Trump pushes platform to move to US
TechFlow: On September 1, according to CoinDesk, a recent report from blockchain security firm Elliptic reveals that a North Korea-linked hacker group has recently conducted large-scale operations on the decentralized derivatives trading platform Hyperliquid, involving tens of millions of dollars. The investigation indicates that these attackers not only utilized the platform for illicit fund transfers but are also suspected of disrupting market order through wash trading and similar tactics.
Against this backdrop, attitudes toward Hyperliquid within U.S. political circles have shifted significantly. Following Trump’s return to the White House and his appointment of cryptocurrency supporter Michael Selig as chairman of the Commodity Futures Trading Commission (CFTC), officials are actively working to bring Hyperliquid back to the United States. Trump himself has publicly stated his intention to introduce the protocol to U.S. soil through full regulatory compliance.
The contrast between this policy push and security vulnerabilities has drawn attention. While the administration seeks to reshape U.S. crypto regulatory frameworks by bringing well-known DeFi projects to the forefront, security experts warn that platforms like Hyperliquid have yet to adequately address the risk of abuse by sanctioned entities.
