Hyperdrive, a DeFi protocol within the Hyperliquid ecosystem, has reportedly suffered an attack resulting in losses of approximately $700,000. The protocol's official response indicated that two positions in the hBILL market were compromised. In response, Hyperdrive has suspended all currency markets to ensure security. The team clarified that there is no vulnerability in thBILL itself; rather, the attack targeted two wallet positions using Theo's thBILL as collateral in the Hyperdrive Treasury Market. Investigations into the incident are ongoing.
Hyperdrive DeFi Protocol Suffers $700,000 Attack, Markets Suspended
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