Sensation in the crypto market: $ 3.6 million!

Sensation in the crypto market: $ 3.6 million!

Hypervault Finance is exposed to severe allegations after about $ 3.6 million in crypto assets have been deducted from the platform. The questionable withdrawals were carried out by a number of suspicious transactions. The funds were initially transferred to Ethereum by hyperliquid and converted into Ethereum (ETH). Around 752 ETH were then paid in Tornado Cash, a mixing service that serves to disguise transaction traces.

The sudden disappearance of the official X-Konto of Hypervault is particularly worrying according to the withdrawals, which causes the project team to abandon the platform. Hypervault had presented itself as a decentralized Vault protocol that wanted to offer cross-border liquidity and flexible earnings opportunities. The aim was to create a safer method for managing assets via various networks and attract investors who were looking for passive sources of income.

Rug pulls in the defi sector

RUG Pulls are a common risk in the area of ​​decentralized finances (Defi). Developers withdraw liquidity and leave their projects, which leads to significant losses for investors. Well -known earlier incidents include MetAyield Farm, which branched off $ 290 million in February 2025, as well as the collapse of Mantra (OM), which led to total investor loss of $ 5.5 billion. In this context, the use of Tornado Cash increasingly suspected that the operators tried to disguise their transactions after the money deduction.

Meanwhile, the fate of Hypervault remains uncertain because it is time to get further clarity from the team. The Defi sector is still under pressure because investors are more careful and the risks of a RUG sweater perceive even more consciously.

For further details about this incident, please visit Crypto News.