Hyperdrive Exploit Update: Markets Restored After $782K Attack
Hyperdrive confirmed a smart-contract exploit that compromised two markets, resulting in a $782,000 loss. The protocol's team swiftly paused all trading activity, collaborating with security auditors and blockchain forensics experts to investigate the breach.
After identifying the vulnerability, developers patched the affected code and initiated fund recovery procedures. Hyperdrive has now resumed normal operations across all markets, though the incident underscores persistent security challenges in decentralized finance.