Hyperwave confirmed today on X that it has restored withdrawals after suffering a $4.9 million market manipulation attack earlier this week. The DeFi protocol had temporarily halted transactions to assess and contain the incident.
hwHLP Withdrawals Notice
Due to a rare fall in the $hwHLP exchange rate, all withdrawals submitted since Saturday (Nov 8) need to be resubmitted.
Please open a support ticket in Discord or the app if you have any questions. We apologize for the inconvenience. https://t.co/RMHAQT9xTz
— Hyperwave (@Hyperwavefi) November 13, 2025
According to Hyperwave’s post, the exploit targeted liquidity pool mechanics, allowing the attacker to artificially manipulate market prices before draining funds. The team stated that user balances remain secure and that the vulnerability has been patched. Withdrawals and swaps are now fully operational, while the project continues monitoring suspicious activity.
Hyperwave added that it will release a detailed post-mortem soon, outlining the attacker’s method and the steps taken to prevent future exploits. The protocol also encouraged affected users to reach out to support for assistance as recovery measures continue.
Source: Hyperwave on X
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