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Hypervault Rug Pull? PeckShield Flags $3.6 Million Withdrawal, Mixing via Tornado Cash
Sep 26, 2025
< 1 min read
by Coin Edition
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- 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.
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