A significant security breach involving Hyperliquid’s official Twitter account has sent ripples through the cryptocurrency market. The compromise resulted in the spread of fraudulent airdrop verification links, causing immediate price fluctuations and triggering concerns about broader platform security. 3.5% decline in the $HYPE token was witnessed shortly after the news broke. Experts suspect an insider threat played a role in this incident. While Hyperliquid’s leadership has yet to release any official statements regarding the attack, market monitoring accounts have confirmed the breach. Crypto analyst @ThinkingUSD warns users against clicking links from social media accounts of any protocol until the issue is resolved. The hack raises questions about the vulnerability of platforms like X and encourages increased vigilance amongst crypto projects. Increased trading volumes and a general sense of unease among crypto enthusiasts have been observed, highlighting how social media vulnerabilities can significantly impact market sentiment.