Hyperliquid whale loses $21M to wallet compromise as exploits target perp DEXs

A Hyperliquid trader lost $21M from what was identified as a targeted attack that compromised their ￰0￱ trader lost over $17M in DAI, with the rest in Maple Protocol stablecoins. A Hyperliquid whale became the target of an exploit, presumably based on compromised private ￰1￱ trader lost a total of $21M, of which over $17M was in DAI ￰2￱ to PeckShield Alert, only the personal wallet was affected through an unidentified type of private key leak. #PeckShieldAlert A victim 0x0cdC…E955 lost ~$21M worth of crypto on #Hyperliquid due to a private key ￰3￱ hacker has bridged the stolen funds to #Ethereum , including 17.75M $DAI & 3.11M $MSYRUPUSDP. pic.

twitter. com/H2UEfmWsMW — PeckShieldAlert (@PeckShieldAlert) October 10, 2025 Hyperliquid itself is not compromised, and no other traders have reported ￰4￱ recent loss extends the list of cases attacking perp DEX ￰5￱ Hyperliquid is transparent when it comes to trades and wallet balances, the wallets are singled out for personalized ￰6￱ wallet got liquidated on HYPE The attacked wallet was drained just after closing a successful trade, so the exploiters knew the funds were ￰7￱ hacker’s actions affected multiple vaults on Hyperliquid, using the compromised accounts for activity on both Ethereum and ￰8￱ reports suggest another $300K was lost on a related wallet linked to the same ￰9￱ exploit started after the wallet closed a $16M long position on HYPE, and the wallet immediately sold 100K HYPE for $4.4M.

The token was sold for DAI, which was then transferred on Ethereum and mixed. Additionally, due to the compromised wallet, the hacker was able to take a $3.1M stake from the Plasma Syrup ￰10￱ hacker moved MSYRUPUSDP to a new address , for now, without further swaps or ￰11￱ hacker now holds $6.91M in one wallet on Ethereum, another $10M in a different Ethereum address, while emptying the intermediary Arbitrum wallet used for the initial wallet ￰12￱ Hyperliquid at risk of hacks? Previously, Hyperliquid has seen FUD about being vulnerable to North Korean hackers. However, the exchange holds no funds in custody and has not been hacked so ￰13￱ DEX still holds a risk of aggressive trading and draining specific vaults, especially for low-liquidity ￰14￱ the recent whale wallet attack, HYPE remained at $44.41, awaiting another ￰15￱ only problem in the future would be for the owner of the compromised wallet.

Currently, Hyperliquid is preparing for another airdrop season, with multiple new projects set to launch their ￰16￱ compromised wallet may receive rewards based on trading volumes, but those may also be swept by the hacker. Previously, a list of 1,200 compromised addresses emerged, with some active on Hyperliquid. However, none of those addresses held any significant ￰17￱ is still no explanation on how the wallet was compromised, though recent attacks have involved malware, fake 2FA authentication, fake Zoom links and ￰18￱ up to $30,050 in trading rewards when you join Bybit today