Particle.news
Download on the App Store
4 ARTICLES
·
2h ago

Hypervault Suspected of Rug Pull After $3.6 Million Drain and Disappearing Accounts

Auditors cited by the project rejected claims of active reviews after PeckShield flagged abnormal withdrawals.

Hypervault goes dark, users register $3.6m in losses

Overview

  • On-chain data shows funds were bridged from Hyperliquid to Ethereum, swapped to ETH, and about 752 ETH was sent through Tornado Cash.
  • Hypervault’s website, X account, and Discord went offline shortly after the transfers, and no official statement has been issued.
  • DeFiLlama tracked roughly $5.91 million in total value locked across more than 1,100 depositors at the time of the outflows.
  • Developers had touted audits with Spearbit, Pashov, and Code4rena, but Pashov denied any engagement and Code4rena listed no pending review.
  • Security monitors and the community are treating the incident as a suspected exit scam, with formal confirmation and recovery details still unknown.