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Google ad phishing attack drains $550,000 from Hyperliquid user, security specialist says

8/14/2026

A phishing campaign run through Google's ad network cost one Hyperliquid (HYPE) user $550,000, a security specialist said.

Crypto security nonprofit Security Alliance (SEAL) flagged the same tactic in April, reporting it had blocked 356 malicious Google ad URLs across several weeks.

The aggregate victim-side loss across those URLs remains unattributed. The Hyperliquid loss The $550,000 figure covers a single user's exposure, attributed by a security specialist.

Google ads sit above organic search results, giving fraudulent placements a position that intercepts users before they reach the real site.