Phishing Scam via Fake Google Ad Costs Investor $550K in USDC

A cryptocurrency investor lost about $550,000 in USDC after falling victim to a phishing scam through a fake Google search ad for Hyperliquid.

The scam redirected the user to a website mimicking Hyperliquid's interface, where they entered their sensitive information and transferred funds to three addresses linked to the attacker.

Google has suspended the advertiser responsible for the malicious ad, but no breach of Hyperliquid's platform was found, indicating that the attack targeted the user through deception rather than exploiting a vulnerability in the platform itself.

Security experts warn users to verify URLs carefully and avoid accessing crypto apps via Google Search to prevent similar scams.