Summary
- DeFi 'Hyperdrive' reportedly suffered approximately $773,000 in asset losses from a hacking incident.
- They said thBILL tokens and HYPED liquid staking tokens did not suffer direct damage in this hack.
- Hyperdrive said it is preparing compensation through a swift response and expects protocol normalization within about 24 hours.
Decentralized finance (DeFi) project 'Hyperdrive' is reported to have suffered significant damage from a hack.
On the 27th (local time), blockchain security firm PeckShield said Hyperdrive was recently hacked, with approximately $773,000 worth of assets stolen from two accounts within the 'thBILL market.'
thBILL is a tokenized version of U.S. Treasury bills (T-Bills) issued by Theo Network, designed to allow users to earn interest. The attack did not directly affect Hyperdrive's thBILL tokens or HYPED liquid staking tokens (LST).
The attacker stole a total of 288 Binance Coins (BNB) and 123 Ethereum (ETH), and appears to have split and moved them across other blockchains. Hyperdrive temporarily suspended all money markets during the investigation immediately after the incident.
Hyperdrive later stated that "the root cause of the incident has been identified and fixed" and that it is "preparing compensation for affected accounts." It added that "this hack was a limited issue confined to two specific markets" and that "the protocol is expected to be normalized within about 24 hours."
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀
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