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Phishing Attack on HyperSwap Results in $12,300 Theft

Phishing Attack on HyperSwap Results in $12,300 Theft

First seen 6 Jul 2026, 23:49 UTC • •
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ThreatCluster AI
ThreatCluster •July 7, 2026 at 21:39 UTC
  • •A user lost $12,300 due to a phishing attack on HyperSwap.
  • •The scam involved a fake airdrop link that tricked the victim into granting wallet permissions.
  • •The attack was executed in under two minutes, showcasing the speed of such scams.

A user lost $12,300 in a phishing attack on HyperSwap after clicking a fake airdrop link on X. The victim connected his wallet to a fraudulent site, believing it was legitimate, and approved a transaction that allowed the attacker to control his funds. The scammer executed the theft in less than two minutes, transferring the victim's NFT representing his liquidity position and withdrawing the funds shortly thereafter. The attack occurred on June 29, 2026, and was marked by the blockchain explorer as a phishing incident. HyperSwap operates on the Hyperliquid blockchain, and the attack highlights the risks associated with decentralized exchanges, where users must be vigilant about wallet permissions. The scam was facilitated by an impersonator account that closely resembled the official HyperSwap account.

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Updated 95d ago How this analysis works

Timeline

2026-06-29
Phishing attack executed
The attacker drained $12,300 from a HyperSwap user by exploiting a fake airdrop link and wallet permissions.
Beincrypto
2026-06-29
Victim connects wallet to fake site
The victim believed he was checking eligibility for an airdrop and approved a transaction that granted the scammer access to his funds.
Coinspot

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