Hyperliquid money market Hyperdrive pauses markets after confirmed exploit  - Cryptopolitan

Hyperliquid’s HyperDrive DeFi Loses $773K in Account Compromise, Funds Bridged to BNB Chain and Ethereum

HyperDrive DeFi protocol has suffered a $773,000 exploit affecting two accounts in its Treasury Bill market, with stolen funds split between BNB Chain and Ethereum networks through bridge transfers. The attack compromised positions using Theo Network’s thBILL as collateral, prompting immediate suspe...

DeFi Project Hyperdrive Hit by $773,000 Exploit – U.Today – MAXBIT

According to blockchain security firm PeckShield, Hyperdrive, a decentralized finance (DeFi) project that operates on Hyperliquid blockchain, recently suffered a compromise of two accounts in its thBILL markets.  $773,000 worth of stolen funds  It is worth noting that “thBill” is a tokenized version of Treasury Bills (T-Bills) issued by Theo Network. It allows users to...

Hyperdrive Confirms $700K Exploit Fix, Compensation Plan in 24 Hours

Hyperdrive affirmed that approximately 700, 000 dollars were lost due to speculated exploit. The company restricted the incident to two of its markets leaving the rest of the platform intact. This is much smaller than big DeFi hacks, including $600 million of Poly Network breach in 2021 or a $625-million loss of Axie Infinity in 2022. Nonetheless, 700,000 dollars is a significant amount of an average DeFi hub. $700K Exploit Contained in Two Mark…

DeFi Project Hyperdrive Hit by $773,000 Exploit

According to blockchain security firm PeckShield, Hyperdrive, a decentralized finance (DeFi) project that operates on Hyperliquid blockchain, recently suffered a compromise of two accounts in its thBILL markets.  $773,000 worth of stolen funds  It is worth noting that “thBill” is a tokenized version of Treasury Bills (T-Bills) issued by Theo Network. It allows users to earn yield or interest.  As a result of the recent security breach, roughly $…

Is a Security Crisis Heading For Hyperliquid? Flagship Protocol Hacked

The Hyperliquid blockchain, one of the fastest-rising names in decentralized finance (DeFi), is facing a mounting security crisis after a string of high-profile incidents cast doubt on the safety of its money markets. On September 27, Hyperdrive, a flagship yield protocol on Hyperliquid, was forced to pause all markets following a confirmed exploit that drained an estimated $700,000 from two compromised Treasury Market positions. Supreme Finance…

Hyperliquid Ecosystem Facing Big Losses After Hack and Rug Pull

On September 27, Hyperdrive confirmed that two user wallet positions in its Treasury Market were compromised in an attack that drained around $700,000. The announcement came just one day after HyperVault, another Hyperliquid-based protocol, disappeared in what appears to be a $3.6 million rug pull. Hyperdrive revealed that attackers abused its operator permission system, where some users had allowed the platform’s Router to act with broad contra…