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๐ฝโ๐ป๐ฅ๐ฅDON'T GET ENROLLED ...โโ
๐จ Crypto Alert! Hyperdrive Suspends Currency Markets for Security ๐ซ
Compromised Accounts in the thBILL Market ๐
According to reports from PANews, the Hyperdrive platform has issued an urgent notice: two accounts within its thBILL market (which uses thBILL from Theo as collateral in its Treasury Market) have been compromised or "attacked," with reported losses around $700,000. ๐
Extreme Precaution Measure ๐ก๏ธ
As an immediate response and to ensure the safety of users, Hyperdrive has made the drastic decision to temporarily suspend all its currency markets to conduct a thorough investigation. This is a critical containment measure in the DeFi space.
Important Clarification: HYPED Safe โ
Hyperdrive has confirmed that this issue does not affect $HYPED. The investigation focuses on the positions of the compromised wallets and not on an underlying vulnerability in the thBILL asset itself.
๐ก Curious Fact of the Case ๐ง
Although the attack focused on accounts using the asset, Hyperdrive has clarified that the vulnerability does not lie in the thBILL smart contract (the collateral asset), but in the wallet positions that were using it. This underscores the complexity and different attack points that exist in decentralized finance (DeFi) protocols.
Stay tuned to Hyperdrive's official channels for updates. The security of assets is paramount! ๐
#Hyperdrive #SeguridadBlockchain
#TrumpNewTariffs
๐จ Crypto Alert! Hyperdrive Suspends Currency Markets for Security ๐ซ
Compromised Accounts in the thBILL Market ๐
According to reports from PANews, the Hyperdrive platform has issued an urgent notice: two accounts within its thBILL market (which uses thBILL from Theo as collateral in its Treasury Market) have been compromised or "attacked," with reported losses around $700,000. ๐
Extreme Precaution Measure ๐ก๏ธ
As an immediate response and to ensure the safety of users, Hyperdrive has made the drastic decision to temporarily suspend all its currency markets to conduct a thorough investigation. This is a critical containment measure in the DeFi space.
Important Clarification: HYPED Safe โ
Hyperdrive has confirmed that this issue does not affect $HYPED. The investigation focuses on the positions of the compromised wallets and not on an underlying vulnerability in the thBILL asset itself.
๐ก Curious Fact of the Case ๐ง
Although the attack focused on accounts using the asset, Hyperdrive has clarified that the vulnerability does not lie in the thBILL smart contract (the collateral asset), but in the wallet positions that were using it. This underscores the complexity and different attack points that exist in decentralized finance (DeFi) protocols.
Stay tuned to Hyperdrive's official channels for updates. The security of assets is paramount! ๐
#Hyperdrive #SeguridadBlockchain
#TrumpNewTariffs
Binance News
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Hyperdrive Suspends Currency Markets for Investigation
According to PANews, Hyperdrive announced on the X platform that two accounts in the thBILL market have been compromised. As a precautionary measure, Hyperdrive has suspended all currency markets to conduct a thorough investigation. The issue does not affect HYPED.
๐จ Hyperdrive Pauses Markets: A Case Study in Protocol Safety ๐ก๏ธ
Hey Binance Square! ๐ Let's talk about something that's both scary and reassuring in Web3: how protocols handle security incidents.
Hyperdrive just announced they've suspended all currency markets after detecting two compromised accounts in their thBILL market. Here's your plain-English guide to what's happening and why it matters.
๐ What Exactly Happened?
In simple terms: Hyperdrive's security systems spotted something fishy with two user accounts. Think of it like a bank's fraud department noticing unusual activity on two customer accounts.
Their response was immediate and decisive:
ยท Paused all trading across currency markets
ยท Launched a full investigation
ยท Confirmed their native token ($HYPED) is unaffected
This isn't a protocol hackโit's a targeted response to potentially compromised user accounts.
๐ฏ Why This Response Actually Builds Trust
In the wild west of DeFi, how projects handle problems matters MORE than whether problems occur. Here's why Hyperdrive's approach is noteworthy:
๐ฆ The "Safety First" Protocol Checklist:
ยท โ Transparent Communication: Immediate announcement on X
ยท โ Proactive Measures: Markets paused BEFORE any significant damage
ยท โ Clear Scope: Specific issue identified (thBILL market accounts)
ยท โ Asset Protection: Native token and other markets isolated
This is how responsible DeFi projects should operateโputting user protection above all else.
๐ก Your DeFi Safety Takeaways
While Hyperdrive investigates, here are some universal security reminders for ALL DeFi users:
1. Use Hardware Wallets: Compromised accounts often start with compromised private keys. A hardware wallet is your best defense.
2. Monitor Account Permissions: Regularly check what contracts your wallet has approved on platforms like Etherscan.
3. Enable All Security Features: 2FA, transaction signing, and whitelisting wherever possible.
๐ The Bigger Picture: DeFi Maturation
Incidents like this show how far DeFi has come. Instead of silent exploits, we're seeing:
ยท Professional incident response
ยท Transparent communication
ยท Contained damage
This is the sign of a maturing ecosystem where user protection becomes priority 1
๐ What to Watch Next
ยท Hyperdrive's Investigation Timeline: How quickly they identify the root cause
ยท Compensation Plans: If affected users will be made whole
ยท Security Upgrades: What new measures will be implemented post-incident
The bottom line? Security incidents are inevitable in DeFi, but RESPONSES define project quality. Hyperdrive's transparent, safety-first approach sets a positive example for the space.
#DeFi #Web3Security #Hyperdrive #orocryptotrends #Write2Earn
@DeFi_Dad @CRYPTO MAXIMALIST @OroCryptoTrends
Always remember: Not your keys, not your crypto! Stay safe out there, legends! ๐
What's your protocol safety checklist? Share your best Web3 security tips below! ๐
Hyperdrive just announced they've suspended all currency markets after detecting two compromised accounts in their thBILL market. Here's your plain-English guide to what's happening and why it matters.
๐ What Exactly Happened?
In simple terms: Hyperdrive's security systems spotted something fishy with two user accounts. Think of it like a bank's fraud department noticing unusual activity on two customer accounts.
Their response was immediate and decisive:
ยท Paused all trading across currency markets
ยท Launched a full investigation
ยท Confirmed their native token ($HYPED) is unaffected
This isn't a protocol hackโit's a targeted response to potentially compromised user accounts.
๐ฏ Why This Response Actually Builds Trust
In the wild west of DeFi, how projects handle problems matters MORE than whether problems occur. Here's why Hyperdrive's approach is noteworthy:
๐ฆ The "Safety First" Protocol Checklist:
ยท โ Transparent Communication: Immediate announcement on X
ยท โ Proactive Measures: Markets paused BEFORE any significant damage
ยท โ Clear Scope: Specific issue identified (thBILL market accounts)
ยท โ Asset Protection: Native token and other markets isolated
This is how responsible DeFi projects should operateโputting user protection above all else.
๐ก Your DeFi Safety Takeaways
While Hyperdrive investigates, here are some universal security reminders for ALL DeFi users:
1. Use Hardware Wallets: Compromised accounts often start with compromised private keys. A hardware wallet is your best defense.
2. Monitor Account Permissions: Regularly check what contracts your wallet has approved on platforms like Etherscan.
3. Enable All Security Features: 2FA, transaction signing, and whitelisting wherever possible.
๐ The Bigger Picture: DeFi Maturation
Incidents like this show how far DeFi has come. Instead of silent exploits, we're seeing:
ยท Professional incident response
ยท Transparent communication
ยท Contained damage
This is the sign of a maturing ecosystem where user protection becomes priority 1
๐ What to Watch Next
ยท Hyperdrive's Investigation Timeline: How quickly they identify the root cause
ยท Compensation Plans: If affected users will be made whole
ยท Security Upgrades: What new measures will be implemented post-incident
The bottom line? Security incidents are inevitable in DeFi, but RESPONSES define project quality. Hyperdrive's transparent, safety-first approach sets a positive example for the space.
#DeFi #Web3Security #Hyperdrive #orocryptotrends #Write2Earn
@DeFi_Dad @CRYPTO MAXIMALIST @OroCryptoTrends
Always remember: Not your keys, not your crypto! Stay safe out there, legends! ๐
What's your protocol safety checklist? Share your best Web3 security tips below! ๐
๐จ Hyperdrive Exploit: $782K Drained from Hyperliquid-Based Protocol
On Saturday night, Hyperdrive, a lending protocol built on Hyperliquid, was exploited for ~$782,000 after an attacker targeted its Primary USDT0 Market and Treasury USDT Market.
๐ป The attacker extracted 673,000 USDT0 and 110,244 thBILL, quickly converting them into cross-chain assets (BNB & ETH) and moving them off-chain.
๐ CertiK (CTK) reported the exploit stemmed from an arbitrary call vulnerability in the router contract.
โก In response, Hyperdrive:
โ Paused the protocol to prevent further losses
โ Identified and fixed the root cause
โ Announced a compensatory plan for affected accounts
๐ Currently, Hyperdrive still holds $21M TVL (per DefiLlama).
๐ This marks the third major security incident on Hyperliquid since its launch in late 2024.
DYOR No Financial advice!
#DeFi #Security #Hyperdrive #Binanceupdate #TradingAlert
$HYPE
$ETH
$CTK
On Saturday night, Hyperdrive, a lending protocol built on Hyperliquid, was exploited for ~$782,000 after an attacker targeted its Primary USDT0 Market and Treasury USDT Market.
๐ป The attacker extracted 673,000 USDT0 and 110,244 thBILL, quickly converting them into cross-chain assets (BNB & ETH) and moving them off-chain.
๐ CertiK (CTK) reported the exploit stemmed from an arbitrary call vulnerability in the router contract.
โก In response, Hyperdrive:
โ Paused the protocol to prevent further losses
โ Identified and fixed the root cause
โ Announced a compensatory plan for affected accounts
๐ Currently, Hyperdrive still holds $21M TVL (per DefiLlama).
๐ This marks the third major security incident on Hyperliquid since its launch in late 2024.
DYOR No Financial advice!
#DeFi #Security #Hyperdrive #Binanceupdate #TradingAlert
$HYPE
$ETH
$CTK
Hyperdrive raises $6M in a Series A funding round
Hyperdrive secures $6M in a funding round led by #HackVC and #ArringtonCapital , with participation from #DelphiVentures, #CMSHoldings, #AmberGroup, #SusquehannaInternationalGroup, #Caladan, #ProofVC and angel investors.
#Hyperdrive is a decentralized finance #DeFi platform focused on stablecoin lending and yield strategies within the #Hyperliquid ecosystem.
Hyperdrive secures $6M in a funding round led by #HackVC and #ArringtonCapital , with participation from #DelphiVentures, #CMSHoldings, #AmberGroup, #SusquehannaInternationalGroup, #Caladan, #ProofVC and angel investors.
#Hyperdrive is a decentralized finance #DeFi platform focused on stablecoin lending and yield strategies within the #Hyperliquid ecosystem.
See original
Yesterday, Hyperdrive had some issues, and the process went something like this:
Two accounts in the thBILL market were exploited by hackers due to a vulnerability in the operation permission, resulting in a loss of approximately 700,000 USD.
The vulnerability was a problem with Hyperdrive's operation permission system, which hackers took advantage of.
The team, fearing the situation might escalate, directly shut down all markets and withdrawals.
Today, an update stated that the vulnerability has been fixed, and the affected accounts have been locked. There will also be compensation, but the plan is still in progress.
The good news is that it only affected two Hyperdrive markets; thBILL itself and $HYPED are fine, and the market is expected to recover within 24 hours.
Letโs clarify a few terms:
Hyperdrive: A DeFi protocol built on Hyperliquid that supports multi-chain asset lending and yield strategies.
thBILL: An asset provided by Theo Network, used as collateral for Hyperdrive lending and yield strategies.
$HYPED: The native token of Hyperdrive, used for protocol governance and incentive mechanisms.
This incident was essentially a vulnerability in the operation permission that hackers exploited, which also indicates that DeFi is not 100% secure, but we still need to maintain security awareness.
Having money stuck inside is more unsettling than the actual loss.
Even if the vulnerability is fixed, how compensation will be distributed, when money can be withdrawn, and whether there are limits on amountsโthese must be monitored and handled carefully; otherwise, one might end up receiving less than expected or incur more losses due to improper operations.
I hope the team can expedite compensation and restore operations promptly; otherwise, people's trust will quickly diminish.
#Hyperdrive #DEFฤฐ #่ต้ๅฎๅ จ
Two accounts in the thBILL market were exploited by hackers due to a vulnerability in the operation permission, resulting in a loss of approximately 700,000 USD.
The vulnerability was a problem with Hyperdrive's operation permission system, which hackers took advantage of.
The team, fearing the situation might escalate, directly shut down all markets and withdrawals.
Today, an update stated that the vulnerability has been fixed, and the affected accounts have been locked. There will also be compensation, but the plan is still in progress.
The good news is that it only affected two Hyperdrive markets; thBILL itself and $HYPED are fine, and the market is expected to recover within 24 hours.
Letโs clarify a few terms:
Hyperdrive: A DeFi protocol built on Hyperliquid that supports multi-chain asset lending and yield strategies.
thBILL: An asset provided by Theo Network, used as collateral for Hyperdrive lending and yield strategies.
$HYPED: The native token of Hyperdrive, used for protocol governance and incentive mechanisms.
This incident was essentially a vulnerability in the operation permission that hackers exploited, which also indicates that DeFi is not 100% secure, but we still need to maintain security awareness.
Having money stuck inside is more unsettling than the actual loss.
Even if the vulnerability is fixed, how compensation will be distributed, when money can be withdrawn, and whether there are limits on amountsโthese must be monitored and handled carefully; otherwise, one might end up receiving less than expected or incur more losses due to improper operations.
I hope the team can expedite compensation and restore operations promptly; otherwise, people's trust will quickly diminish.
#Hyperdrive #DEFฤฐ #่ต้ๅฎๅ จ
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