CryptoSlate reported that Hyperliquid lost more than $1 billion in total value locked after security concerns around North Korea-linked activity on the platform. Talor Monahan identified a surge of transactions from addresses tied to North Korean hackers, and the article says those actors had tested Hyperliquid through trades that produced about $701,000 in losses. The withdrawals, including a $70 million USDC outflow in one day, were treated by observers as a confidence signal while analysts warned that the activity could be reconnaissance for a larger attack.