$3.6M Drained From Hyperliquid DeFi Platform Hypervault in ‘Abnormal Withdrawal’
Hypervault Finance has suffered an alarming breach, resulting in $3.6 million being transferred to the crypto mixer Tornado Cash in what has been described as an 'abnormal withdrawal.' The funds were first moved to the Ethereum chain before being sent to Tornado Cash, as reported by blockchain security firms like PeckShield. Following this incident, Hypervault's website and social media accounts have become inaccessible, raising concerns over the project's status and security. Hypervault had gained traction in the yield farming space, attracting investors with promises of high annual yields on stablecoins and liquidity provision. The platform is now under scrutiny, with a 'rug pull' notice issued due to the sudden disappearance of its services and potential loss of user funds. As of the time of the breach, Hypervault had reported a total value locked of $6.01 million, indicating a significant impact on its user base and the broader DeFi ecosystem.
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