A trader lost 21 million USD on Hyperliquid after his private key was exposed.

2025-10-11 05:43:37

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The decentralized exchange Hyperliquid has just been severely attacked, resulting in a trader losing approximately 21 million USD. According to PeckShield, the attacker gained access to the private key related to the Hyperdrive lending protocol and stole nearly 18 million DAI along with over 3 million SyrupUSDC before transferring them to Ethereum. The cause of the key leak has not yet been determined, but evidence suggests that this was a targeted attack.

The incident occurred at a time when Hyperliquid was experiencing significant growth, with a trading volume of over 3.5 billion USD in the past week. MEXC advised users to check their wallet permissions, while CertiK stated that DeFi platforms remain a top target for hackers in 2025. The incident highlights that although DeFi offers freedom, users still need to be vigilant and should store most of their assets in cold wallets to mitigate security risks.

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