Blockchain safety company Peckshield reported on Friday that a wallet suffered a devastating loss of approx. 21 million dollars for crypto assets on Hyperliquid, a decentralized trading platform.
According to Peckshield, the theft came from a private key compromise, enabling an attacker to drain the victim’s funds in a single rapid move.
The hack was isolated and targeted at the victim’s wallet, not hyperliquid itself.
The stolen assets Peckshield requirements included approximately 17.75 million DAI and 3.11 million Msyrupusdp, both of whom have since broke to Ethereum.
Onchain data shows that the striker’s wallet performed a number of transactions to move the funds through multiple addresses, a tactic that is often used to hide traces and complicate recovery efforts.
This incident highlights the sustained risk of private key exposure in decentralized systems self when smart contract security improves, vulnerabilities to the user side continue to be a major attack vector. T.
He Hyperliquid case serves as yet another reminder that operational security and hardware-tuktog protection is critical of protecting digital assets during self-insurance time.
