HYPERLIQUIDATE

Welcome to the dark web of DeFi.Authentic investigative journalism and unfiltered creative commentary

Monday, December 30, 2024 

North Korean hackers don't take holidays.

While crypto traders were hanging their stockings with care, Tayvano spotted DPRK-linked addresses testing Hyperliquid's defenses - a protocol with over $2 billion in TVL secured by just four validators.

Memories of Ronin's $624M hack still haunt the industry, where compromising five out of nine validators was enough to drain the bridge.

Hyperliquid's setup currently has 4 validators and requires only three signatures to control billions.

The warnings sparked widespread panic, sending HYPE tumbling 21% and triggering over $210 million in outflows.

Hyperliquid's team dismissed the concerns, claiming "no vulnerabilities have been shared by any party."

Santa might be checking his list twice, but DPRK hackers are scanning for a different kind of chimney to slide down this Christmas - one that leads straight to Hyperliquid's bridge contract.

Could somebody be getting coal in their stocking this holiday season?Read more »                      

         Stories and Articles 

• 5 real use cases for useless memecoins [Read more]
• DeFi hacks drop 40% in 2024, CeFi breaches surge to $694M [Read more]
• North Korean Hackers Stole $1.3 Billion in 2024 [Read more]
• Bank Executive Allegedly Drains $4,277,227 From Customers’ Accounts in 11-Year Scheme [Read more]
• SCENE's 2024 Person of the Year: Iggy Azalea [Read more] 

            Best of Feed 

• The United Arab Emirates (UAE) holds $40 billion in Bitcoin | 1225 points
• AI and Bitcoin are going vertical. | 475 points
• Rumble Announces $775M Strategic Investment From Tether | 409 points
• Wanna see what a BTC treasury can do? Exodus Wallet listed on the NYSE this week. | 405 points
• Whales are accumulating Bitcoin through privacy transactions. | 230 points

Read more in Rekt's Feed» 

In the wild west of DeFi, where trust is supposed to live on-chain, some platforms are out here pulling dirty tricks. They don’t need to hack you or drain you with exploits—all they need is a shiny button, a fake warning, and your itchy trigger finger. These dark patterns are straight-up psychological warfare, and if you’re not paying attention, you’ll end up rekt. 

Let’s talk about gas fee pressure tactics. You’ve seen the panic banners: “Gas is skyrocketing! Approve now or lose out!” or “This swap is expiring!” Yeah, right. The only thing expiring is your balance if you fall for it. They’re betting on your FOMO and impatience to skip the details and hit approve. Before you know it, you just paid more in fees than you spent on the trade. Congrats, you played yourself. 

Then there’s the hidden permissions hustle. You connect your wallet, sign a contract, and think you’re good to go. But in the shadows, the fine print grants unlimited spend approvals. What does that mean? You just gave someone the keys to your stash. And a wallet drainer doesn’t care about your bad day—it’s taking everything you’ve got while you’re left staring at 0. 

Deceptive defaults are another weapon of choice. The “Approve All” button? It’s glowing like a neon sign at midnight, begging you to click it. Meanwhile, the safer, more selective option is hidden like it owes someone money. And don’t get me started on those transactions with zero context—just a blind click and poof, your funds are gone. 

But not every platform is out to wreck you. Look at Uniswap or Aave. No sketchy pop-ups. No hidden traps. They show you the fees, the approvals, and the risks upfront—like adults talking to adults. That’s the kind of clean game that earns trust. It’s simple: platforms that respect you don’t need to trick you. 

So, how do you survive the dark pattern jungle? Slow down. These tricks only work when you’re in a rush. Stop, read, and question everything. Tools like Revoke.cash can save your bacon by showing and revoking shady approvals. And if a giant “Approve” button is screaming for your attention, ask yourself why. Spoiler: it’s probably bait. 

In DeFi, the game is rigged against the careless. Click without thinking, and you’re handing scammers your stack on a silver platter. So stay paranoid, question every move, and treat every interaction like a potential ambush. If you’re not paying attention, you’re already losing. Keep your head sharp, your wallet locked, and your funds where they belong—with you. Because in DeFi, there are two types of people: those who play smart and those who get rekt. Don’t be the latter.                 Memes and Videos               The CIA's Scariest CyberweaponStuxnet didn’t just crash computers, it wrecked Iran’s nuclear centrifuges and dragged cyber warfare into the real world. Built to break things quietly, it slipped loose, infecting systems across the globe like a digital ghost. Stuxnet rewrote the rules of war — because who needs bombs when you’ve got code that can cripple nations?                               Source: fern                             Source: @naiivememe

We provide an anonymous platform for whistleblowers and DeFi detectives to present their information to the community. All authors remain anonymous. We are all rekt.