• The funds were moved from Hyperliquid to the Ethereum network via a bridge, swapped into ETH, and 752 ETH (worth nearly $3 million) was deposited into Tornado Cash
• Shortly after the withdrawals, the official social accounts of Hypervault disappeared or were deactivated
• In 2024, rug pulls accounted for 65% of all DeFi scams

PeckShield flagged a $3.6 million abnormal withdrawal from Hypervault, a DeFi vault project tied to Hyperliquid.

The funds were moved from Hyperliquid to the Ethereum network via a bridge, swapped into ETH, and 752 ETH (worth nearly $3 million) was deposited into Tornado Cash, which is a mixing service commonly used to hide transaction trails.

Shortly after the withdrawals, the official social accounts of Hypervault disappeared or were deactivated, including X, Discord, and the official website.

Related: Arthur Hayes Exits HYPE Position Wee…

Read The Full Article Hypervault Rug Pull? PeckShield Flags $3.6 Million Withdrawal, Mixing via Tornado Cash On Coin Edition.

• The funds were moved from Hyperliquid to the Ethereum network via a bridge, swapped into ETH, and 752 ETH (worth nearly $3 million) was deposited into Tornado Cash
• Shortly after the withdrawals, the official social accounts of Hypervault disappeared or were deactivated
• In 2024, rug pulls accounted for 65% of all DeFi scams

PeckShield flagged a $3.6 million abnormal withdrawal from Hypervault, a DeFi vault project tied to Hyperliquid.

The funds were moved from Hyperliquid to the Ethereum network via a bridge, swapped into ETH, and 752 ETH (worth nearly $3 million) was deposited into Tornado Cash, which is a mixing service commonly used to hide transaction trails.

Shortly after the withdrawals, the official social accounts of Hypervault disappeared or were deactivated, including X, Discord, and the official website.

Related: Arthur Hayes Exits HYPE Position Wee…

Read The Full Article Hypervault Rug Pull? PeckShield Flags $3.6 Million Withdrawal, Mixing via Tornado Cash On Coin Edition.