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Key Takeaways
Hackers have stolen approximately $21 million worth of cryptocurrencies from a user on Hyperliquid, just over a week after another attack drained nearly $800,000 from a lending protocol built on the same network.
Major Private Key Compromise
On Friday, Oct. 10, blockchain security firm PeckShieldAlert reported that a wallet on the Hyperliquid network was compromised following a private key leak. The attacker drained the account and moved about 17.5 million DAI and 3.1 million SYRUPUSDP to the Ethereum network, according to on-chain data reviewed by the firm. The breach is the latest in several major security events linked to the Hyperliquid ecosystem since its launch in late 2024.
Hackers Hit Hyperliquid Twice
Last week, an exploit targeting Hyperdrive, a lending protocol built on Hyperliquid, which lost about $782,000 in late September. According to security company CertiK, the attacker repeatedly triggered an insecure function in Hyperdrive’s router contract to drain funds from two liquidity pools. Hyperdrive’s team paused the protocol shortly after the attack and later said it had identified the issue and was preparing a compensation plan for affected users.
Crypto Hacks Surge
2025 has seen a surge in major crypto hacks, with losses totaling billions across both centralized and decentralized platforms. High-profile incidents have hit exchanges and protocols, including Bybit, Coinbase, and Cetus, as well as smaller DeFi projects built on emerging Layer 1 networks. On Tuesday, October 7, blockchain analysis firm Elliptic reported that North Korea-linked hackers have already stolen over $2 billion in cryptocurrency assets in 2025. The firm said total losses “almost triple last year’s tally,” underscoring the “growing scale of North Korea’s dependence on cyber-enabled theft to fund its regime.”
Elliptic also said that the majority of losses this year have been suffered by crypto exchanges but warned that a growing share of victims are high-net-worth individuals. Some individuals, the report stated, are targeted because of their connections to companies holding large amounts of cryptoassets, effectively serving as indirect entry points for hackers seeking access to corporate wallets.
This article has been published in ccn.com via Yahoo News.
