$21M Crypto Theft on Hyperliquid Due to Private Key Compromise
- Blockchain security firm PeckShield reported a loss of approximately $21 million from a wallet on the decentralized trading platform Hyperliquid.
- The theft resulted from a private key compromise, allowing the attacker to drain funds swiftly.
- The hack targeted the victim's wallet specifically, not HyperLiquid itself.
- Stolen assets included around 17.75 million DAI and 3.11 million MSYRUPUSDP, which were bridged to Ethereum.
- Onchain data indicates the attacker used multiple transactions and addresses to obscure the fund's movement.
- This incident underscores the ongoing risk of private key exposure in decentralized systems, despite improvements in smart contract security.
- The case emphasizes the importance of operational security and hardware wallet protection for safeguarding digital assets.
