The Hyperliquid ecosystem is under fire after its project, HyperVault, allegedly pulled off a $3.6 million rug-pull. No, it’s not magic – it’s just *crypto.* 🤡
So here’s the scoop: Blockchain security firm PeckShield caught some fishy transactions on Friday that set the crypto world into a frenzy. 🧐
HyperVault Social Channels Gone POOF 💨
PeckShield’s eagle eyes noticed a big, bad withdrawal from HyperVault, a yield optimization protocol built on Hyperliquid. We’re talking about the kind of suspicious activity that screams “I’m about to vanish with your money!” 😬
The assets? They were swiftly bridged over to Ethereum, swapped into ETH, and sent off to Tornado Cash – the crypto mixer equivalent of putting your funds in a blender. 🍹💸
In total, a whopping 752 ETH was sent into the black hole that is Tornado Cash. *Cue the ominous music.* 🎶
#PeckShieldAlert #Rugpull? We have detected an abnormal withdrawal of ~$3.6M worth of cryptos from @hypervaultfi.
The funds were bridged from #Hyperliquid to #Ethereum, swapped into $ETH, and then 752 $ETH was deposited into #TornadoCash.
– PeckShieldAlert (@PeckShieldAlert) September 26, 2025
And then, as if to confirm everyone’s worst fears, HyperVault’s social media accounts disappeared faster than your last paycheck. *Poof!* 🕵️♂️
Enter HypingBull, a Hyperliquid community member, who had been ringing alarm bells weeks before this fiasco. Predictably, they weren’t surprised. 🧨
Back on September 4, HypingBull noticed some funky audit claims and publicly questioned the project’s integrity. As it turns out, those audit firms they mentioned? They had never even heard of HyperVault. Oops. 🙄
MAX REPOST 🚨: HYPERVAULT PROJECT IS DOING SHADY STUFF
Friends, withdraw your funds from the protocol ASAP until further updates! When I asked Hypervault developers about audits, they answered that: “Audits are pending via Spearbit, Pashov, and Code4rena; expected turnaround for…
– HypingBull (@hypingbull) September 4, 2025
Despite these warnings, HyperVault kept raking in users, selling itself as a “password manager” and “digital vault for businesses.” (Spoiler: It wasn’t a vault; it was more like a *money trap.*) 💼💸
The project also pitched itself as a *multichain yield optimization hub,* with a TVL (Total Value Locked) of about $5.8 million. But could that number be a total lie? *Gasp!* Or, even worse, the largest rug-pull on HyperEVM? 🤯
Let’s just say the rumors are wild. 📉
What Should HyperVault Users Do Now? 🧐
Well, if you’re one of the unlucky souls who trusted HyperVault with your crypto, here’s your only option: revoke all the permissions on the wallet you used. Because guess what? The funds are probably gone. Bye-bye, money. 👋
“That’s the only thing you can do if you were affected. Can the lost funds be recovered? Nope, it’s blockchain. Nothing can be done. That’s what happens when you mess with unaudited contracts,” they said. 🙄
While Hyperliquid (the actual blockchain) seems to be chilling unaffected by this mess, the HyperVault scandal might just have killed some of its street cred. 🔪
Critics are already raising their voices, saying that unaudited third-party protocols are the *real* villains here. Are we shocked? Not really. 🙄
As of this moment, neither Hyperliquid nor HYPEconomist have made any comments on the whole fiasco. Guess they’re too busy counting their own ETH. 😏
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2025-09-26 14:10