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Trader loses $550K in USDC to Google ad scam mimicking Hyperliquid platform

Market News
14 Aug 2026
Crypto Briefing
View Source
Bearish
Trader loses $550K in USDC to Google ad scam mimicking Hyperliquid platform

A crypto trader lost about $550,000 in USDC after clicking a fake Google ad impersonating Hyperliquid, a decentralized futures exchange. The scam used a sponsored Google ad to redirect users to a phishing site that looked identical to Hyperliquid, stealing wallet approvals and seed phrases. The attack exploited user trust in Google search results, not any technical flaw in Hyperliquid's systems. Google has suspended the fraudulent advertiser, and traders are advised to verify URLs and use hardware wallets for added security.

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