Hyperdrive is a Defi Hight strategic protocol built on a high lipid ecosystem that confirmed that two user wallet positions in the Treasury market were damaged by a digital robbery that led to an estimated $700,000 loss.
In what has been made public as a precaution, HyperDrive has announced over X that it has suspended all money markets across the platform while continuing its investigation. In the meantime, the team emphasized that there was no vulnerability in the Thbil assets themselves and that the issue would not affect $Hyped Token.
Hyperdrive calms down and makes use of rumors
According to X’s post, the exploit is linked to a flaw in HyperDrive’s operator permission system. Users reportedly designated the protocol router as the operator, allowing them to call a wide range of whitelisted contracts, including market contracts.
The attacker took advantage of this by calling the router and making any call. This provided the access they used to manipulate the affected location and ultimately drain it.
The incident will soon occur after a $3.6 million lag pull from HyperVault, yet another hyperliquid-based yield protocol, which occurred on September 26, 2025.
The irony of the attack points to what a continuous campaign that appears to be targeted at high lipid ecosystems that is not lost in the keenly-looking code-indigenous peoples.
This year alone, the space has withstanded a series of security issues, including previous exploits such as the Jellyjelly operation in March and the XPL attack in August. The attack was hit by community sentiment and there was some “damp” overblood hype.
Hyperdrive Heist comes one day after HyperVault exploit
On September 26, blockchain security company Peckshield flagged an unusual spill of about $3.6 million from decentralized financial platform HyperVault, bridging its high lipids to Ethereum.
After the bridging, the funds were exchanged for ETH, with around $3 million worth of around 752 ETH deposited in Tornado Cash, a classic sign of Crypto Ragpur.
According to HyperVault’s website and documentation, he is responsible for renting, looping, and promoting “unmanaged” automated compound vaults that route Assets to centralized liquidity venues, harvesting Keeperbots and promoting strategic adapters.
Revenue was generated by deploying user deposits to external venues via modular strategies.
The project’s X account has been deleted and the official website remains inaccessible, raising suspicions of exit fraud.
In X, there is still a lot of confusion and speculation from whales and regular users dealing with losses and asking about possible recovery.
Discover more from Earlybirds Invest
Subscribe to get the latest posts sent to your email.
