A $21 million exploit on Hyperliquid’s Hyperdrive protocol highlights rising DeFi security risks and the need for tighter wallet protection practices.

After having their private key leaked, a Hyperliquid user lost $21 million—a painful reminder of the importance of personal security.

According to PeckShield, the theft stemmed from a private key compromise, allowing an attacker to drain the victim’s funds in a single swift move.

Hardware wallet firm Ledger is rolling out its cloud-based private key recovery solution despite facing significant criticism from the crypto community. Ledger Recover, an ID-based private key ...