Alarming Hyperliquid Hack: $738,600 USDC Drained From User Account

BitcoinWorld Alarming Hyperliquid Hack: $738,600 USDC Drained From User Account Key Takeaways A Hyperliquid user account was compromised on September 9, drained of roughly 738,600 USDC, with 10,287 HYPE forcibly undelegated.

Tracing shows the stolen stablecoins moved through Circle’s CCTP bridge and split across at least five hops before touching a Bitget-linked deposit address. The staked HYPE has not entered the withdrawal queue yet, meaning the theft is only partially complete.

Two comparable cases handled recently ended the same way, pushing cumulative losses in this pattern past $1.1 million.   The Real Story Is Not the Theft. It Is the Seven Days Nobody Can Use. Account takeovers happen weekly in crypto.

What makes this one worth your attention is the part that has not happened yet. When the attacker took control of 0x5b6d236e39a4723a8f79db93cfd1af4d228f9c60, the liquid balance went first, as it always does. The 10,287 HYPE sitting in staking is a different problem.