HyperLiquid's HyperDrive DeFi Protocol Suffers $773K Exploit, Funds Moved Across BNB Chain and Ethereum

HyperDrive, a DeFi protocol under HyperLiquid's ecosystem, experienced a major security breach resulting in approximately $773,000 stolen from its Treasury Bill market. The attacker exploited an arbitrary call vulnerability in the router contract, enabling the theft of USDT0 and thBILL tokens. Stolen funds were bridged to BNB Chain and Ethereum. This incident follows a recent $3.6 million rug pull from HyperVault, raising serious concerns about the platform's security. HyperDrive has suspended all market activities and is working with security experts on remediation and victim compensation. Continue to read HyperLiquid's HyperDrive DeFi Protocol Suffers $773K Exploit, Funds Moved Across BNB Chain and Ethereum