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$ 3.6 million away: Hypervault with suspicion of the RUG pull!
The Defi project Hypervault is accused of the RUG Pull after $ 3.6 million disappeared into Krypto.
$ 3.6 million away: Hypervault with suspicion of the RUG pull!
The Defi project Hypervault is criticized after considerable $ 3.6 million of crypto-assets have disappeared from its platform. This already available suspicion of a RUG Pull caused concern within the crypto community. The incident was discovered on Friday morning by the blockchain security company Peckshield, which documented a "abnormal" withdrawal of the funds. Hypervault operates on the Layer-1-Blockchain Hyperliquid and offered its users the opportunity to pay capital, which was used in Defi protocols to achieve income, such as Daily Hodl reported.
The security company Peckshield found that the stolen money was first transferred from Hyperliquid to Ethereum (ETH), then exchanged in ETH and finally led to the crypto mixer Tornado Cash. In addition, Hypervault's X account was deleted, and the project website was no longer available on Friday. Both Peckshield and the Defi data unit Defi Llama came to the conclusion that it was a RUG pull.
What is a rug pull?
Rug pulls are fraudulent machinations that are common in the crypto area. Insiders keep a large amount of tokens to attract investors and suddenly sell their stocks, which leads to a dramatic loss for investors. This specific incident around Hypervault fits into the alarming trend that the web3 sector has already lost almost $ 6 billion from RUG Pulls in 2025. This represents an increase of 6,499% compared to $ 90 million in the same period of the previous year.
Critical situation for the web3 sector
The dramatic increase in such fraudulent incidents raises serious questions about the security and trustworthiness of defi projects. Investors should be extremely careful when choosing platforms and dealing with crypto assets. The events related to Hypervault illustrate the persistent risks in the defect range and the need for robust security systems.
In conclusion, it remains to be seen which further steps are taken by the investigative authorities and the parties concerned in order to take account of those responsible and to improve security in the crypto world. The developments in this case are pursued with great interest, since they could possibly have far -reaching effects on trust and investment behavior within the sector.