Crypto protocol Hyperwave has resumed withdrawals after a $4.9 million market manipulation attack earlier this week. The DeFi platform halted transactions to investigate the incident and contain potential damage.
According to Hyperwave’s statement, attackers exploited liquidity pool mechanics, artificially inflating market prices before withdrawing funds. User balances remain secure, as the team identified and patched the vulnerability. Withdrawals and swaps are now operational, with ongoing monitoring of suspicious activity.
Hyperwave plans to publish a detailed post-mortem report soon, outlining the attack method and preventative measures for future incidents. Users impacted by the attack are encouraged to contact support for assistance during the recovery process.
Source: Hyperwave on X