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Hyperliquid-based Hyperdrive resumes services after exploit

Hyperdrive has restored operations and compensated users after a June exploit drained funds from two markets on the Hyperliquid blockchain. Summary Hyperdrive exploited for ~$700K on Sept. 27. Attack traced to router contract permissions. Users reimbursed, markets fully restored. Hyperdrive, a decentralized finance protocol on the Hyperliquid blockchain, has resumed full operations and restored funds…

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Why is the crypto market going up today?

After a rough stretch last week, the crypto market is bouncing back, with major coins leading a broad recovery. Summary The crypto market is rebounding, with Bitcoin back above $111,000 and Ethereum near $4,100 as Solana leads altcoins higher. Growing “Uptober” optimism is fueling the rally after last week’s heavy liquidations and market downturn. Anticipation…

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