According to data compiled by venture capital fund Hashed on Dune Analytics, over $112 million worth of USDC flowed out of the cryptocurrency derivatives trading platform Hyperliquid on Monday, marking the platform’s largest single-day outflow in history. Yesterday, multiple North Korean hacker addresses were reported to be trading on Hyperliquid, causing concern among community members that these activities may indicate that North Korean hackers have identified Hyperliquid as a potential target and are testing system stability by executing trades. Hyperliquid Labs later issued a statement acknowledging the reports of alleged North Korean hacker address activities. In reality, Hyperliquid has not suffered any North Korean hacker attacks and no form of attack has occurred. All user funds are being properly managed.