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.
The stolen funds primarily consisted of stablecoins, including 17.75 million DAI and 3.11 million MSYRUPUSDP. PeckShield confirmed that the attackers gained unauthorized access to the victim’s wallet through a private key leak.
The development adds to the growing list of thefts that have been reported in the crypto market this year. In the first half of 2025, blockchain security firm TRM Labs reported that attackers stole a whopping $2.1 billion worth of digital assets from the crypto market.
Last month alone, around $127 million was carted away across more than 20 major crypto-related cases, including Shiba Inu’s Shibarium Bridge exploit.
While some crypto thefts are nearly impossible to prevent, many incidents can be avoided through stronger security practices.
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