Cryptocurrency [loss] $782,000

"Hyperliquid-based Hyperdrive loses $782,000 after smart contract exploit"

2025-09-27 [vendor] Hyperdrive [chain] hyperliquid
Primary Source ↗
Financial Loss $782,000 (782,000 USD)
Blockchain(s) Hyperliquid

Incident Details

Exploiters drained $782,000 in crypto assets from two markets on the Hyperdrive lending protocol, which is built on the Hyperliquid layer-1 blockchain. The attacker apparently took advantage of a security flaw in one of the project’s smart contracts to drain the funds.Hyperdrive paused all markets while investigating the vulnerability, and patched the bug. They also compensated those who had lost money in the exploit.

Total loss estimated at $782,000.

Technical Details

Initial Attack Vector
Smart contract exploit / hack
Vendor / Product
Hyperdrive

Timeline

  1. 2025-09-27 Breach occurred
  2. 2025-09-27 Publicly disclosed