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Hack history / 2025 / Rug pull

HyperVault

Rug pull on Sep 26, 2025 · Admin Drain

SOURCES AGREE ON DATE AND LOSS · 3 SOURCES
Lost
$3.6M
dollars at the time
Returned
none listed
as the sources state it
Rank
#542
among thefts by dollars lost

What happened

HyperVault on Hyperliquid L1 conducted a rug pull in late September 2025, draining $3.6M in user funds. Developers falsely claimed audits by Spearbit and Pashov, then disappeared after moving assets through privacy tools.

Details

Date
Sep 26, 2025
Kind
Rug pull
Method
Admin Drain
How in
Insiders: rug pulls, frauds, collapses
Target
DeFi protocol
Chains
Hyperliquid

Reported by

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Cite this pageSwanBluechip, "HyperVault rug pull, Sep 26, 2025: $3.6M lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht9a137deac7/ (data as of 2026-10-31).
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