š² Hyperliquid Faces Record Outflows Amid North Korea Hack Allegations š²
Hyperliquid experienced significant net outflows, totaling approximately $250 million, following allegations regarding North Korean hackers being active on its platform.
Hyperliquid experienced significant net outflows, totaling approximately $250 million, following allegations regarding North Korean hackers being active on its platform.
On Monday, Taylor Monahan, a security researcher from MetaMask, shared on social media platform X that she identified several blockchain addresses operating on Hyperliquid linked to North Korea's cyber activities.
DataĀ from Dune Analytics indicated that the platform saw USDC net outflows of $249.1 million on Monday,with an additional $22.2 million recorded on Tuesday.
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Monahan's postĀ included details of blockchain addresses that had been active since Oct. 2, raising concerns about potential threats to the platform's security.
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Monahan reiterated her offer to assist Hyperliquid in bolstering its defenses against these sophisticated threat actors, emphasizing the risks posed by North Korean groups known for their advanced hacking capabilities.
āI am quite concerned that you guys are at increased risk due to the fact we know that these specific threat actors are now intimately familiar with your platform,ā sheĀ statedĀ in a screenshot of a message she says she had written to the Hyperliquid team two weeks prior.
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In responseĀ to the claims, Hyperliquid assured users that all funds were accounted for and stated that no exploit or vulnerability had been detected. The platform emphasized, āThere has been no DPRK exploitāor any exploit for that matterāof Hyperliquid.ā
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The platform's native token, Hype, also experienced volatility, dropping from a peak of $34.5 over the weekend to around $26 on Monday before recovering slightly to $29.63 by the time of reporting.
North Korea's state-sponsored hacking groups have been implicated in some of the largest cryptocurrency thefts, including the $600 million hack of the Ronin Ethereum sidechain in 2022. Hyperliquid's situation highlights ongoing concerns about security in the decentralized finance sector.
Weāre proud to unveil WoV Labs Ready-to-Use Patch, a versatile solution designed to meet the needs of the fashion, sportswear, and luxury industries.
By simplifying the integration of Digital Product Passports into garments, this smart patch removes barriers to adoption, helping brands enhance transparency, customer engagement, and sustainability efforts with ease.
In industries where trust and connection are everything, WoV Labs Ready-to-Use Patch enables:
ā Instant Verification: Customers can quickly confirm the #authenticity of their purchases.
š„ Bank of America actually did 100% of internal transfers on Ripple š„
"Bank of America actually did 100% of internal transfers on Ripple....ultimately the SEC said hey there's something going on here." ~David Stryzewski CEO Sound Planning Group INC. Says during his interview on, "The Daily Mojo".
He then also goes on to say, "I have spoken with quite a number of Bitcoin multi-millionaires and billionaires and I have been very surprised to hear that many of them are interested in Ripple and another company out there called Stellar"
Hodl onto your: $XRP & $XLM and don't let anyone tell you that banks aren't going to be using these. š
š Coinbase just launched an AI agent for Crypto Trading
Custom AI assistants that print money in your sleep? š
The future of Crypto x AI is about to go crazy.
š Hereās what you need to know:
š 'Based Agent' enables creation of custom AI agents
š Users set up personalized agents in < 3 minutes
š Equipped w/ crypto wallet and on-chain functions
š Capable of completing trades, swaps, and staking
š Integrates with Coinbaseās SDK, OpenAI, & Replit
š What this means for the future of Crypto:
1. Open Access: Democratized access to advanced trading
2. Automated Txns: Complex trades + streamlined on-chain activity
3. AI Dominance: Est ~80% of crypto štxns done by AI agents by 2025
šØ I personally wouldn't bet against Brian Armstrong and Jesse Pollak.
š Coinbase just launched an AI agent for Crypto Trading
š Coinbase just launched an AI agent for Crypto Trading
š¹ State of play: FTX EU, the European branch of the now-defunct crypto exchange FTX, has been acquired by Backpack Exchange, following regulatory approvals from the FTX bankruptcy court and the Cyprus SEC.
š¹Backpack Exchange was founded by former FTX and Alameda employees.
š¹The acquisition will see Backpack EU handling the distribution of previously court-approved bankruptcy claims to FTX EU users.
š¹ The new arm, Backpack EU, will also offer crypto derivatives, including perpetual futures, across the European Union.
š¹ Backpack was valued at $120M in its Series A funding round in early 2024.
š¹ It has obtained a MiFID II license plus a license from the Dubai VARA.
š¹ Whatās next: Backpack EU plans to launch in Q1 2025, supporting SEPA payments and wire transfers in major European currencies.
š¹ Why it matters: The acquisition comes as the EUās Markets in Crypto-Assets (MiCA) regulation sets new standards for virtual asset service providers.
āISO 20022 is not just another messaging formatā ā this has been documented as a myth. š«
Hereās the reality:
š¹ISO 20022 goes beyond a mere messaging format.
š¹Its architecture is designed to include blockchain transactions.
š¹Ripple and other crypto service providers already utilize ISO 20022-compliant standards.
š¹The message structure even includes a technical component reserved for āCrypto.ā
š¦ Banks and institutions recognize the myths vs. documented facts. Where do you stand? š¤
This is my 3rd post regarding $Natix, DONT FADE THIS ONE! Unlock the potential to earn rewards with the NATIX Drive& appāno Tesla required, But it helps!Simply use your smartphone or dashcam to collect geospatial data as you drive. Ideal for professional drivers, but anyone can earn, this app offers a seamless way to monetize your daily routes.This is FREE MONEY, that you can earn in $Natix token!Ā
Happy 2025 NATIXIANs! We conclude 2024 with this last progress update of the year to summarize our progress throughout December. We promised to close the year on a high note and had another massive release, another token burn, partnerships, and campaigns.
We want to wish all of you a happy new year. Letās dive into our last progress update of 2024.
Unpacking the Numbers
Right before closing the year, we crossed the 200K Drive& app users mark, now having over 207K, making us one of the fastest-growing DePINs of the year. Weāve also now covered over 119M km of road and made over 614M detections.
Next year will no doubt be a record-breaking year as we expect to grow exponentially.
2024 Recap
We conclude a very successful 2024 in all aspects. We created a thread to summarize all of our progress throughout this year and wanted to highlight how much our community managed to achieve.
Weāve had over 164K new users this year, as the community covered 30x the amount of road that was mapped last year, and detected over 10x the amount from 2023. We achieved so much and are sure to achieve even more next year!
Coverage Map
December signaled the release of theĀ NATIX Network Coverage Map. This interactive map showcases all the roads mapped and detections made by drivers using theĀ Drive& app.
The NATIX Coverage Map is an interactive world map that displays:
Roads mapped: The roads traveled by our network contributors.
Detections made: Daily data captured by Drive& app users, from traffic infrastructure to traffic participants.Ā
Network stats: Including registered drivers, KMs mapped, map data detected, and countries covered.
Tokens burned: Indicates the exact amount of $NATIX tokens burned.
In case you missed this feature,you can follow the link to get familiar with theĀ NATIX Coverage Map.
Third Token Burn
In December, we issued a third token burn for November, and it was massive.Weāve burned another 36M tokens, and that was more than the two previous monthsā burn combined! With that, weāve now reached a total of 77.8M tokens taken out of circulation.
The burns will continue, and each is proving to surpass the previous ones. Follow the link to read about theĀ $NATIX token burnĀ updates and check the proof.
New Use Case: Scenario Generation
In case you missed it, we went deep into explaining how NATIX, with data collected from Tesla vehicles equipped with the VX360, aims to disrupt the autonomous vehicle industry.Ā Scenario generationĀ is a crucial process in the testing, verification, and validation of advanced driver assistance systems (ADAS) and autonomous driving systems (ADS).
The importance of 360Ā° real camera footage makes VX360 a revolutionary device for scenario generation. The data collected can be used in two different ways: It can either be used to train GenAI models to produce better synthetic-based scenario generation, or scenario generation can occur automatically from the footage collected, segmented into distinct scenarios using advanced AI tools, and eliminate most of the manual effort.
Partnerships
Concentrated Liquidity Campaign
This month weāve partnered with HawkFi and Orca to make earning rewards with your liquidity smoother and more rewarding than ever before. By participating in this campaign, you can earn both $NATIX and $ORCA rewards for providing liquidity viaĀ HawkFiās automated platform. With a combined reward pool of 24,000,000 $NATIX and 500 $ORCA, thereās never been a better time to dive into concentrated liquidity pools.
Silencio
Weāve partnered with Silencio this month to list the VX360 device on their app. This gives us a boost for exposure as Silencio is one of the leading projects in the peaq ecosystem. Weāre united together on pushing DePIN to the next level and canāt be happier to have them on board.
Tesla Owners of Silicon Valley
This unique partnership with Tesla Owners of Silicon Valley, the largest official Tesla club globally, with over 2M followers, allows us to reach a broader audience of Tesla drivers, as weāre aligned together on putting Tesla vehicles at the forefront of innovation, for a better future for mapping and autonomous driving.
Whatās Next?
Weāre kicking off a new year with great ambitions, plans, releases, partnerships, and rewards. If you thought weād grow in 2024, wait until you see what we have in store this 2025. We have some exciting news coming up in Q1 that will continue to position NATIX as one of the top pioneers of DePIN in the world.
Make sure to follow our TwitterĀ @NATIXNetwork to stay up-to-date with our announcements and releases.
Theta Labs Welcomes Hanyang University as its 18th Customer, Advancing Global Adoption of the EdgeCloud AI Platform
Theta Labs, a global leader in decentralized cloud infrastructure for AI, media, and entertainment, proudly announces thatĀ Hanyang UniversityāsĀ Electromagnetics & Intelligent Design Lab (EIDL)Ā has joined as its 18th customer, adding to its growing list ofĀ EdgeCloud AI customers. This further establishes EdgeCloud as the most widely adopted decentralized platform for advanced AI research powered by a hybrid cloud edge GPU architecture.
This collaboration strengthens Thetaās presence in the East Asia academia sector along withĀ KAIST, Seoul National University, Yonsei University, Korea University, and seven other institutions in South Korea, as well as the University of Oregon in the United States. In addition, Thetaās corporate clients include The AI Lab, a renowned e-learning platform, Jamcoding, a leading coding education platform, andĀ Liner, a global innovator in generative AI-powered search solutions. Notably, in March 2024, venture capital firm Andreessen Horowitz (a16z) ranked Liner fourth among generative AI services, following OpenAIās ChatGPT.
Hanyang Universityās EIDL, led byĀ Professor Haejun Chung, is internationally recognized for groundbreaking research inĀ AI-driven photonics,Ā inverse design, andĀ semiconductor development. With support from research sponsors includingĀ Samsung,Ā SK Hynix, and government-funded initiatives, EIDL drives advancements in:
Metalenses: Ultra-thin, high-efficiency optical lenses for AR/VR and next-generation imaging.
Waveguide photonic devices: Freeform-designed systems surpassing traditional photonics in scalability and performance.
Professor Haejun Chung is a globally recognized expert in photonics, computational electromagnetics, and AI-driven device design. His accomplishments include:
Over 100 publications in high-impact journals likeĀ Advanced Photonics,Ā Nanophotonics, andĀ Optics Express.
Recognition for highly cited work in metasurface and metalens design.
Collaboration with world-renowned institutions includingĀ MIT,Ā KAIST, andĀ Yale University.
Industry partnerships withĀ SamsungĀ andĀ SK Hynix, driving innovation in semiconductor and photonic research.
Driving Research with Theta EdgeCloud AI
ThroughĀ Theta EdgeCloud, EIDL will gain access to high-performance GPU resources essential for:
Large-scale inverse design simulationsĀ to optimize photonic devices.
AI-enhanced optical systemsĀ for diverse fields like AR/VR, telecommunications, and medical imaging.
DevelopingĀ broadband optical componentsĀ that redefine scalability and efficiency in light manipulation.
Quotes:
āOur collaboration with Theta Labs provides the computational power to significantly accelerate our AI research in photonic and semiconductor technologies,ā saidĀ Professor Haejun Chung, Director of EIDL.
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āWith Theta EdgeCloudās high-performance hybrid GPU infrastructure, we can execute large-scale simulations and AI-driven optimizations at unmatched speed and scale. This partnership empowers us to push the boundaries of innovation in photonics, AR/VR optics, and next-generation semiconductor devices.ā
āAdding Hanyang Universityās EIDL to our growing network of EdgeCloud customers is a significant milestone in global adoption and leverages EIDLās industry partnerships with Samsung and SK Hynix,ā said Mitch Liu, co-founder and CEO of Theta Labs.
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āWeāre quickly approaching 20 customers across academia, enterprise, esports gaming and professional sports industries. These customers truly extend Thetaās mission to support cutting-edge AI research through our decentralized GPU cloud infrastructure.ā
The ZKsync Ignite program allocates 300M ZK tokens over 9 months to establish ZKsync Era as the DeFi liquidity hub for the Elastic Network.
ZKsync Ignite Season 1
Season 1 runsĀ from January 6th to March 31stĀ and distributes up to 100M ZK tokens to DeFi users who provide liquidity for blue chip tokens and stables across DEXs, lending, and perpetuals. Think DeFi Summer. Find a pool, deposit liquidity, earn $ZK rewards, and claim them. No points, no quests, no gimmicks, just OG DeFi.
Every 2 weeks, a new batch of ZK token allocations will be set aside and streamed to DeFi users. This iterative design allows the Ignite program to react to changes in supply and demand, and incentivize new pools and assets.
Fuel Station
DeFi users know how painful it is to manage positions across several DeFi protocols. Thatās why we built theĀ Fuel StationĀ to refuel your DeFi strategies by bridging, depositing, managing, and claiming all in one place.
TheĀ Fuel StationĀ is designed to be simple and intuitive for the average Defi user.
Bridge:Ā Earn ZK tokens when you bridge to ZKsync Era withĀ Jumper Exchange. Users with funds on ZKsync Lite can bridge for an added yield boost usingĀ LayerSwap. In addition, Jumper Exchange will host a raffle every two weeks. DeFi users are eligible based on (1) the amount theyāve bridged into Era and deposited into eligible DeFi protocols and (2) for how long. At the end of two weeks, 5 addresses will be selected at random to split the pot. The raffle pot will increase proportional to the amount of liquidity bridge during each period.
Search:Ā Search through all incentivized pools and filter by tokens, protocols, APYs, and actions.
One-click deposits:Ā Deposit into DEXs and lending markets with a single click.Ā EnsoĀ andĀ KyberĀ take care of swaps and balancing for you. (This feature is coming soon).
Gasless transactions:Ā Gas for claim transactions are sponsored withĀ ZyFi.
Claim: ZK token rewards can be claimed weekly, powered byĀ Merkle.
Learn More
To stay up to date with the latest news and developments of Ignite, follow theĀ programās X accountĀ andĀ join the Telegram communityĀ where the community leads will share information about the program and answer any necessary questions.
To see the latest reports on results from the program, as well as the governance discussion around it, visit theĀ ZK Nation forumĀ for governance details.
Sign Up for free to see more from this community or subscribe to TheDinarian for $5/month to support TheDinarian for more interaction and exclusive content.
Welcome to the Dinarian on Locals, where we discuss everything blockchain and digital asset related. We are here to learn from one another as this is a new and ever evolving space. Please post and share what you like, but be respectful to others as they are here to learn as well.
Knowledge is power, using that knowledge can be extremely powerful,
The Dinarian
