$21M Crypto Theft on Hyperliquid Tied to Private Key Leak: PeckShield

Blockchain security firm PeckShield reported a significant theft of approximately $21 million in crypto assets from a wallet on the decentralized trading platform Hyperliquid. The theft occurred due to a compromise of the wallet's private key, allowing an attacker to swiftly drain the victim's funds. The incident involved the theft of around 17.75 million DAI and 3.11 million MSYRUPUSDP, which the hacker subsequently bridged to Ethereum and transferred through various addresses to obscure their origin. This attack emphasizes the ongoing vulnerability of user-side security in decentralized finance, despite advancements in smart contract security. While this incident specifically targeted the individual wallet and not Hyperliquid's platform, it serves as a critical reminder of the importance of operational security and hardware wallet protection in safeguarding digital assets in the self-custody era.

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