HyperSwap User Loses $12,300 to Fake Airdrop Phishing in 84 Seconds

According to BeInCrypto, a HyperSwap user lost approximately $12,300 on June 29 after clicking a fake airdrop link on X and approving a wallet transaction that gave a scammer control of his funds.

The attacker used a fraudulent account mimicking HyperSwap's official X handle to promote a fake token airdrop. The victim approved the malicious transaction believing he was verifying airdrop eligibility. The scammer then transferred the victim's HyperSwap liquidity position NFT (containing 3,935 USDC and 116.6 WHYPE) out of the wallet, withdrew the funds, converted them to HYPE tokens, and bridged the assets to Ethereum—completing the entire theft in less than two minutes. On-chain records flagged the attacker's wallet as Fake_Phishing3746335 and linked it to approximately 25 other addresses, suggesting a broader phishing operation.