HyperVault Scam Steals $3.6M, Launders ETH via Tornado Cash
Blockchain security firm PeckShield detected an anomalous $3.6 million fund outflow from HyperVault, a DeFi yield aggregator on the Hyperliquid/HyperEVM network. On September 26, the assets were transferred to Ethereum, swapped for roughly 752 ETH, and routed through Tornado Cash to obscure the transaction trail. This sequence suggests a deliberate HyperVault exit scam. Immediately after the heist, the development team deleted all social media accounts and shut down the official site, leaving investors stranded. Market participants should monitor DeFi exit scams closely and apply due diligence when staking assets in yield aggregators.
Bearish
HyperVault’s exit scam involving $3.6M siphoned and laundered via Tornado Cash is likely to intensify risk aversion among DeFi traders. The event undermines confidence in yield aggregators and the broader HyperEVM ecosystem. In the short term, investors may withdraw funds from similar DeFi protocols, increasing market volatility and selling pressure on ETH as assets are liquidated. Over the longer term, the incident could prompt heightened due diligence, stricter security audits, and remedial measures across DeFi platforms, stabilizing the market but raising operational costs for projects.