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10h ago

Private Key Leak Costs Hyperliquid Trader $21 Million as Stolen Funds Move to Ethereum

Security firms describe an isolated wallet compromise rather than a platform exploit, and the method of the key exposure remains under investigation.

$21m crypto theft on hyperliquid tied to private key leak: peckshield
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Overview

  • PeckShield identified the victim wallet as 0x0cdC…E955 and said the attacker had full control consistent with a private key compromise.
  • The haul included about 17.75 million DAI and roughly 3.11 million SyrupUSDC, which were bridged to Ethereum and shuffled across multiple addresses.
  • Analysts stress there is no evidence of a smart-contract flaw at Hyperliquid, and the exchange continues operating normally.
  • The incident lands during a period of rapid growth for Hyperliquid, with more than $3.5 billion in weekly volume and a recent airdrop to about 94,000 addresses.
  • Experts recommend hardware wallets, offline encrypted backups, and regular approval reviews; one report also noted the theft followed the trader closing a large position.