Skip to main content
Sign in

Hyperdrive HL

avoid.net/hyperdrive-hl→45/100·72% conf.
[AI-DRAFTED · AWAITING VERIFICATION][src:defillama]
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

1 entities
Organizations
□Hyperdrive HL
Relationships
    Have evidence about Hyperdrive HL?

    Timeline(7 events)

    2025-05-24

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

    2025-05-27

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

    2025-09-26

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

    2025-09-27

    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.

    2025-09-27

    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.

    2025-09-27

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

    2025-09-29

    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-chainsrc:defillama

    Decision Log

    This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.

    full audit log →version history →

    model: claude-sonnet-4-6

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

    last updated: 5/29/2026, 4:12:55 PM

    avoid.net — verified advice for a post-truth world