Crypto Heist Alert: Hackers Drain $21M in Stablecoins via Private Key Breach, Bridge to Ethereum

Digital vaults spring leak as cyber thieves make off with millions.

The Private Key Compromise

Security protocols shattered when unauthorized access exposed critical credentials. The breach opened floodgates for massive fund movement—no fancy tech tricks needed, just old-fashioned key exposure doing the damage.

The Cross-Chain Escape

Attackers immediately bridged the stolen stablecoins to Ethereum, leveraging interoperability features against the very system they're designed to serve. Another case of 'trust the math, not the people' going sideways.

Market Impact

The $21 million siphon represents yet another reminder that in crypto, your assets are only as secure as your worst security practice. Because nothing says 'decentralized finance' like centralized human error creating million-dollar holes.

Another day, another eight-figure crypto lesson in why banks still sleep well at night.

Blockchain security firm PeckShield has reported a major breach, which resulted in the loss of more than $20 million worth of stablecoins. According to PeckShield, an unidentified user with the blockchain address 0x0cdC...E955 suffered losses of approximately $21 million in digital assets on the Hyperliquid platform.

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