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5h ago

Hypervault Disappears After $3.6 Million Pulled and Sent Through Tornado Cash

On-chain investigators highlighted specific wallets linked to the transfers, raising questions over the project’s disputed audit claims.

Hypervault goes dark, users register $3.6m in losses

Overview

  • PeckShield flagged an abnormal withdrawal of roughly $3.6 million from Hypervault that was bridged from Hyperliquid to Ethereum and swapped into ETH.
  • About 752 ETH was deposited into Tornado Cash, a pattern that security analysts say commonly follows DeFi exit scams.
  • Hypervault’s website, X account, and Discord were taken offline shortly after the transfers, and no statement has been issued.
  • CertiK and PeckShield published transaction details and wallet addresses as DeFiLlama listed a rug-pull notice and showed TVL around $5.9–$6.01 million.
  • Auditors named by the project, including Pashov and Code4rena, denied involvement, while Hyperliquid remains operational but faces heightened scrutiny.