$738,000 USDC Heist Hits Hyperliquid User Account

A Hyperliquid user account has been compromised, resulting in a significant loss of $738,600 in USDC (CRYPTO:USDC) on September 9.

The attacker also undelegated 10,287 HYPE tokens, but those have not entered the withdrawal queue yet. This incident highlights a seven-day gap between HYPE unstaking and withdrawal, leaving the account owner with limited time to respond.

According to reports, the compromised account was accessed through a leaked private key or an approved signing agent. The stolen USDC has moved through Circle's CCTP bridge and across several wallets, with some funds reaching a Bitget-linked address.