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A fake Hyperliquid website carried out phishing attacks via Google Ads, with the hacker group stealing a total of $52.74 million.

2026.08.24 16:44:45

According to monitoring by security firm Salus, a phishing website impersonating Hyperliquid was promoted through Google sponsored ads, leading one victim to lose around 550,000 USDC on August 13. After tracing the fund flow further, investigators confirmed the incident involved specialized "Drain-as-a-Service (DaaS)" infrastructure closely tied to the Inferno ecosystem. The DaaS service provides a range of tools including malicious scripts, admin panels, authorization instruction generation, one-time contract deployment, automated token theft, cross-chain withdrawals, token swaps, and fund aggregation, while supporting automated revenue sharing. In this attack, the phishing group handled purchasing Google ads, deploying the fake website, and providing final receiving addresses. Once the theft was successful, the backend automatically split the stolen funds per a preset ratio. Further fund tracking showed that multiple groups linked to this infrastructure had previously taken part in several large-scale phishing attacks, causing cumulative losses of about $52.74 million. This incident once again underscores the risk of phishing attacks that promote fake crypto platforms via search engine ads. Users should carefully verify website domains and ad sources when accessing trading platforms to avoid asset losses from fake pages.

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