$21M Hyperliquid Hack Sparks Security Warnings

[nihalsari]

After a Hyperliquid trader lost $21M in a private key exploit, security experts are urging DeFi users to tighten protections.

Analysts recommend keeping most assets in cold storage, limiting funds in “hot” wallets, and reviewing token approvals on platforms like Etherscan.

DEX users should also beware of phishing attempts on Discord and Telegram, where attackers impersonate official support to steal private keys.

[kelson10]

Another big exploit reminds us how fragile DeFi security still is. Audits and multi-sig setups should be mandatory at this point.

[Nahid10]

$21M gone overnight shows why security must evolve faster than innovation. It’s time for exchanges to adopt stronger safety layers.