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A Hyperliquid Whale's Private Key is suspected to have been stolen, resulting in losses exceeding $20 million.
On October 9, according to MLM monitoring, a certain Hyperliquid Whale Wallet liquidated a long order worth 16 million USD in HYPE about 11 hours ago and sold 100,000 HYPE (approximately 4.4 million USD). The reason seems to be that its Private Key was leaked, resulting in the account being completely emptied: approximately 17 million USD in funds was stolen from its Hyperliquid account; additionally, approximately 3.1 million USD in assets deposited into the Plasma Syrup Vault (liquidity pool) were also stolen. After the attack, the Hacker transferred all the stolen assets, exchanged the stolen USDC for DAI, and transferred them to two new wallets, where the funds remain. The hacker also transferred 3.11 million USD worth of MSYRUPUSDP to another new wallet.