North Korean Hackers Suffer Major Loss in Ethereum Trade on Hyperliquid

12/23/2024 10:20:55 AM

According to Lookonchain, North Korean hackers experienced a significant financial loss after attempting a long position on Ethereum (ETH) using the Hyperliquid platform. They deposited $476,489 in USDC to go long on ETH at a price of $3,791.8. However, the market moved against them, leading to the liquidation of their position when the ETH price dropped to $3,251.8. This resulted in a substantial loss of $458,000, leaving them with only $18,187. (Source)

Ethereum USDC ETH Hyperliquid North Korean hackers

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