Fake Hyperliquid site pushed via Google sponsored ads drains 550k USDC on Aug. 13, 2026
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A fake Hyperliquid site promoted via Google sponsored ads led to a 550k USDC theft, with on-chain tracing linking the incident to drainer-as-a-service infrastructure tied to the Inferno ecosystem. The report details automated draining, cross-chain cashout tooling, and revenue-sharing, and estimates $52.74m in related losses across prior phishing events. The disclosure highlights persistent wallet-approval risk and can weigh on near-term crypto risk sentiment.
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A spoofed Hyperliquid phishing site promoted via Google sponsored ads led one victim to lose 550k USDC on Aug. 13, 2026. On-chain tracing linked the theft to professional drainer-as-a-service infrastructure tied to the Inferno ecosystem, which allegedly recruited clients on Telegram and offered tools such as malicious scripts, admin panels, and approval-command generation. The stolen funds were automatically split across multiple addresses based on preset percentages. Addresses associated with the operation have been linked to about $52.74 million in losses across multiple phishing incidents, and the evidence has been submitted to relevant organizations for risk labeling and coordinated action.
