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

Hypervault Vanishes After $3.6 Million Drain as Hyperdrive Confirms $700,000 Exploit

On-chain alerts traced the Hypervault transfers to Tornado Cash, fueling a suspected exit scam.

Hypervault goes dark, users register $3.6m in losses
Image

Overview

  • PeckShield flagged an abnormal $3.6 million withdrawal from Hypervault that was bridged from Hyperliquid to Ethereum, converted to ETH, and sent in batches totaling about 752 ETH to Tornado Cash.
  • Hypervault’s website, X account, and Discord went offline shortly after the transfers, and DeFiLlama added a rug-pull notice to the project’s page.
  • Security firms including CertiK published wallet addresses linked to the movements, while no recovery efforts or official explanations have been announced.
  • Community warnings predated the event, with named auditors Pashov and Code4rena denying active audits despite Hypervault’s claims of pending reviews.
  • In a separate incident, Hyperdrive confirmed an attack that drained roughly $700,000 from two user positions, paused money markets, and opened an investigation into abused operator permissions.