Hyperliquid Vault Suffers $5 Million Loss from POPCAT Exploit
Hyperliquid Vault Suffers $5 Million Loss from POPCAT Exploit
A Hyperliquid Vault experienced a significant $5 million loss after an attacker manipulated POPCAT trades, leading to the vault holding $25 million in the token. This incident prompted a temporary pause of deposits and withdrawals on the Arbitrum bridge to Hyperliquid.
Hyperliquid Vault Loses Millions in POPCAT-Related Exploit
The Hyperliquid Vault, connected via the Arbitrum bridge, has been impacted by an attacker who caused a substantial $5 million loss. The incident resulted in the vault holding a significant $25 million worth of POPCAT. This exploit led to a temporary halt in deposits and withdrawals on the Arbitrum bridge to Hyperliquid, signaling a notable security concern within the decentralized finance ecosystem. The attacker's actions highlight potential vulnerabilities in vault security and the risks associated with certain digital assets.