Hyperliquid X Account Compromised, Spreads Fake Airdrop Links

Impact and Market Reaction

The incident on May 1, 2025, involved the compromise of the official Hyperliquid X account, spreading a fraudulent airdrop verification link. No official statements reported by Hyperliquid’s leadership, with confirmations mainly from market monitoring accounts.

@ThinkingUSD, Crypto Market Analyst, – “Hyperliquid’s official Twitter account has been compromised due to an insider threat at Twitter, despite two-factor authentication being enabled. This incident highlights a potential broader security vulnerability across the X (formerly Twitter) platform, prompting urgent warnings for traders to avoid clicking links from any protocol’s social media accounts until the issue is resolved.”

The hack has been connected to a broader vulnerability on X, with suspicions of an insider threat. The phishing attack causes serious concern as users risk having their wallets compromised.

Market Impact on $HYPE Tokens

The $HYPE token observed a 3.5% decline post-announcement, with sharply increased trading volumes. Related AI tokens experienced minor declines, indicating broader market nervousness. Social media vulnerabilities continue to threaten crypto projects, with historical events showing loss of trust and token price drops.

Security Concerns and Community Response

Exchanges have begun issuing security alerts to prevent user interaction with compromised accounts. Experts highlight a potential security flaw on X, demanding stricter scrutiny of social media safeguards. The crypto community has shifted to a “verify before trust” mode in response.