COINOTAG News on September 26 reports that PeckShield monitoring has flagged Hypervault, an unmanaged automatic-compounding yield aggregator on HyperEVM, as a suspected rugpull. On-chain telemetry indicates roughly $3.6 million in irregular withdrawals attributed to the protocol, prompting heightened scrutiny from blockchain security firms.
Forensic traces show funds were bridged from Hyperliquid to Ethereum, swapped into ETH, and about 752 ETH was routed to Tornado Cash; the project’s official Twitter handle @hypervaultfi currently displays “This account doesn’t exist.” Market participants and compliance teams should await verified disclosures and formal audits before drawing conclusions.