Back to Markets
Crypto▼ Bearish
Hyperbridge Breach Loss Hits $2.5M; Binance Tracking Underway
Forensic audits confirm the $2.5 million exploit total as the team coordinates with Binance to blacklist wallets. Watch for TVL recovery to gauge confidence.
Continue with
Revised Loss Estimates
Hyperbridge confirmed the total impact of its recent security breach stands at $2.5 million after completing a forensic audit of the affected protocols. This figure represents a recalibration of earlier estimates as the team identified additional unauthorized outflows during the investigation. The protocol is currently coordinating with Binance to freeze identified wallets and track the movement of funds across the crypto market analysis landscape.
Operational Recovery and Asset Tracking
The recovery effort focuses on identifying the bad actors behind the breach. By working directly with centralized exchange infrastructure, Hyperbridge aims to blacklist addresses associated with the exploit to prevent further liquidation of stolen assets. This method of recovery is standard in DeFi security incidents, though success rates remain highly variable depending on how quickly the perpetrator attempts to off-ramp assets into fiat or stablecoins.
"We are committed to full transparency and are working tirelessly with major exchange partners to secure the return of user funds," said a Hyperbridge representative.