Ethereum Users Warned of Fake Hyperliquid App Phishing Scam on Google Play
A fraudulent application impersonating Hyperliquid, a decentralized perpetuals exchange, has been discovered on the Google Play Store, highlighting ongoing vulnerabilities in app store moderation. The fake app, identified by crypto investigator ZachXBT, is designed to steal user funds by phishing for wallet credentials or private keys. Hyperliquid currently has no official mobile application, making this counterfeit app a significant threat to unsuspecting users. This incident underscores the importance of vigilance and verification when downloading crypto-related applications, especially for Ethereum and other digital asset users who may be targeted in such scams.
Fake Hyperliquid App on Google Play Targets Crypto Users in Phishing Scam
A fraudulent application impersonating Hyperliquid, a decentralized perpetuals exchange, has surfaced on the Google Play Store, underscoring persistent vulnerabilities in app store moderation. The fake app, flagged by crypto investigator ZachXBT, is designed to steal user funds by phishing for wallet credentials or private keys.
Hyperliquid currently has no official mobile application, making the counterfeit particularly deceptive. ZachXBT shared a theft address linked to the scam, which has already siphoned over $281,000 from victims. This incident follows earlier warnings from cybersecurity firm Cyble, which identified more than 20 similar malicious apps mimicking platforms like SushiSwap and PancakeSwap.
These scams often evade detection by mimicking legitimate branding and descriptions. The recurrence of such incidents highlights the need for heightened vigilance among crypto users and improved scrutiny from app store operators.
Mistrial Declared in Case of MIT Brothers Accused of $25M Ethereum Exploit
A Manhattan judge declared a mistrial in the high-profile case of two MIT-educated brothers accused of orchestrating a $25 million exploit on the ethereum blockchain. U.S. District Judge Jessica G.L. Clarke dismissed jurors after they failed to reach a consensus on whether Anton and James Peraire-Bueno committed wire fraud and money laundering through a 12-second blockchain transaction.
The brothers, both MIT computer science graduates, allegedly used their technical expertise to manipulate Ethereum's transaction validation process in what prosecutors called an unprecedented attack on blockchain integrity. The case marks one of the first major tests of how traditional fraud statutes apply to novel cryptocurrency exploits.
While the mistrial leaves the legal questions unresolved, the case has reignited debates about blockchain security and the ethical responsibilities of technically-skilled participants in decentralized networks. The brothers' defense team argued their actions constituted permissible blockchain activity rather than criminal conduct.
ARK Invest Shifts Focus from Tesla to BitMine, Boosting Crypto Exposure
ARK Invest has made a notable pivot in its investment strategy, selling $30 million worth of Tesla shares while increasing its stake in BitMine, a cryptocurrency-focused firm. The move signals a growing institutional appetite for digital assets despite broader market downturns.
The firm offloaded 71,638 Tesla shares across its flagship ETFs, marking a shift from its longstanding position in the electric vehicle maker. Simultaneously, ARK acquired 48,454 shares of BitMine—an Ether treasury company—through three of its ETFs, totaling approximately $2 million in new exposure.
Cathie Wood's firm has been accumulating crypto-related stocks including Coinbase, Circle, and Robinhood throughout the market slump. BitMine shares surged 7.65% following ARK's investment, reflecting market enthusiasm for institutional validation of crypto strategies.
Balancer DAO Offers Bounty to $128M Hacker Amid Escalation Threats
The Balancer DAO has issued a blockchain message to the wallet responsible for a $128 million exploit of its DeFi protocol, offering a bounty for the stolen funds. The decentralized governing body warned of potential legal escalation if the hacker refuses cooperation.
Monday's attack targeted Balancer's V2 composable stable pools, bypassing security protocols to drain approximately $70 million in Ethereum and other assets. The pools' long-standing on-chain presence left them vulnerable outside standard pause windows.
This negotiation attempt follows a growing trend of white-hat bounty offers in DeFi exploits. The DAO's message emphasizes preference for peaceful resolution but maintains readiness to pursue all available recourse.
