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Hyperdrive HL

avoid.net/hyperdrive-hl→35/100·72% conf.
[AI-DRAFTED · AWAITING VERIFICATION][src:defillama]

Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.

anchored·5p64ue…Bt87

Summary

Hyperdrive HL (formerly Ambit Finance) is a stablecoin lending and liquid-staking protocol deployed on Hyperliquid EVM, which raised a $6 million Series A in May 2025 led by Hack VC and Arrington Capital. On September 27, 2025, an attacker exploited an arbitrary-call vulnerability in the protocol's router contract, draining approximately $782,000 in USDT0 and thBILL tokens across two markets. The team paused operations, patched the vulnerability, and compensated affected users before resuming, though the incident occurred within a broader wave of security breaches across the Hyperliquid ecosystem.

Connected Entities

6 entities · 60 linked investigations
Organizations
□Ethereum64□Hyperdrive HL□Binance45□HyperVault2□ZachXBT82□Hyperliquid62
Relationships
  • ZachXBT→mentioned with→Ethereum(70%)
  • ZachXBT→mentioned with→Binance(60%)
  • Hyperliquid→mentioned with→HyperVault(65%)
  • Hyperliquid→mentioned with→Ethereum(70%)
  • Binance→mentioned with→Ethereum(65%)
  • Hyperdrive HL→mentioned with→Hyperliquid(80%)
  • Hyperdrive HL→mentioned with→HyperVault(65%)
  • Hyperdrive HL→mentioned with→ZachXBT(70%)
  • Hyperdrive HL→mentioned with→Ethereum(70%)
  • HyperVault→mentioned with→Ethereum(70%)
  • + 3 more
Also appears in
Ethereum·64Lendf.me·30Levyathan·18Jump Trading·42StableMagnet·2Shibarium·28Dean Daghita / CMDSS (Command Services and Support)·0Bankr·18Nexera·32SafePal·42+ 50 more
Have evidence about Hyperdrive HL?

Timeline(7 events)

24 May 2025

Hyperdrive HL (formerly Ambit Finance) closes $6 million Series A funding round led by Hack VC and Arrington Capital.

27 May 2025

Hyperdrive HL officially launches on Hyperliquid EVM with stablecoin lending, HYPED liquid staking, and HLP vault tokenization products.

26 September 2025

HyperVault, a separate Hyperliquid-based protocol, suffers an alleged $3.6 million loss in a suspected rug pull, with project social media disappearing.

27 September 2025

Attacker exploits an arbitrary-call vulnerability in Hyperdrive HL's router contract, draining 672,934 USDT0 and 110,244 thBILL tokens (~$782,000) from two markets. Stolen funds are bridged to Ethereum and BNB Chain via deBridge.

27 September 2025

CertiK publishes on-chain alert identifying the arbitrary call vulnerability in Hyperdrive's router contract. Hyperdrive team announces market pause and ongoing investigation on X.

27 September 2025

Hyperdrive team reports identifying the root cause and fixing the vulnerability. Team announces compensation plan for affected accounts.

29 September 2025

Hyperdrive team confirms all affected accounts have been remediated and market functions have been restored. Post-mortem report promised.

Provenance & Audit Trail
Anchored on SolanaVerify on-chain12 Wayback Archivessrc:defillama

Decision Log

This investigation is cryptographically anchored to the Solana blockchain (3 events). 12 of 18 cited source URLs have an Internet Archive snapshot.

full audit log →version history →

model: claude-sonnet-4-6

generated: 5/4/2026, 2:54:15 AM

last updated: 8/30/2026, 3:54:57 AM

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