Hyperliquid ($HYPE) Ecosystem Risk: HyperSwap AMM Stealth Rug Pull?

[UladzislauF]

Is Hyperliquid ($HYPE) covering up a silent rug pull on their ecosystem? HyperSwap is GONE.

While Hyperliquid is trying to sustain the valuation of $HYPE, a very disturbing event is happening right under the nose of the @HyperliquidX team, and their official response is nothing short of a massive red flag for all liquidity providers (LPs).

The Facts:

• June 29: HyperSwap, the primary AMM-DEX of the Hyperliquid L1 ecosystem, completely deleted/closed their Discord server without any prior notice.
  
• July 1: Their official Twitter account (@HyperSwapX) went dead silent. No updates, no explanations.
  
• Current state: Key features on the HyperSwap website are being silently deprecated. Users are left completely exposed to active drainers and smart contract risks, with absolutely zero support channel.
  

How did Hyperliquid support react?
Instead of protecting their users, Hyperliquid support is actively washing their hands. Their official stance in support tickets is: "HyperSwap is an independent team, we have nothing to do with them."

Even worse: Hyperliquid is actively banning users in their official Discord who present clear, undeniable on-chain evidence of exploits and vulnerabilities related to this case. They are trying to sweep this under the rug to keep the sentiment positive and protect the $HYPE price.

Proof/Evidence:
1. Discord Search Empty: Try searching for the HyperSwap server in Discord Discovery — it has been completely wiped out.
2. Active Twitter Ads campaign: I have launched a public awareness campaign on X to warn other LPs: https://x.com/UladzislauFiod/status/2077268246168731883?s=20

My Warning to LPs:
I have officially pulled all my liquidity pools out of this network. If the L1 team refuses to take responsibility for their flagship dApps and censors on-chain security reports, your funds are NOT safe here.

What do you think? Is this a coordinated exit scam, or is Hyperliquid just incompetent at managing their ecosystem security?

#Hyperliquid #HYPE #HyperSwap #DeFi #RugPull

[FinneysTrueVision]

Anybody is free to build on HyperEVM. The Hyperliquid developers have no control over the actions of independent projects. You wouldn’t go complaining to Vitalik or the Ethereum Foundation if you got rugged on ETH.

Hyperswap has seen better days, but as far as I can tell they are still here. Their Discord isn’t deleted. I can access it perfectly fine. You were probably banned for trolling and that’s why you can’t see it. Two weeks since their last twitter post isn’t that unusual either.

I doubt you are a real security researcher as you are trying to make yourself out to be on twitter. You are probably submitting fake AI slop reports hoping to get a bug bounty, which is a recent trend with scammers.

[UladzislauF]

Anybody is free to build on HyperEVM. The Hyperliquid developers have no control over the actions of independent projects. You wouldn’t go complaining to Vitalik or the Ethereum Foundation if you got rugged on ETH.

Hyperswap has seen better days, but as far as I can tell they are still here. Their Discord isn’t deleted. I can access it perfectly fine. You were probably banned for trolling and that’s why you can’t see it. Two weeks since their last twitter post isn’t that unusual either.

I doubt you are a real security researcher as you are trying to make yourself out to be on twitter. You are probably submitting fake AI slop reports hoping to get a bug bounty, which is a recent trend with scammers.

I am not here to argue about whether their Discord is online today or what reasons they used to ban me. The internal censorship of the Hyperliquid/HyperSwap ecosystem is already a documented fact.

When the exploit was actively draining user funds, their support was completely unreachable. This was independently verified and published by global financial media, including Yahoo Finance:
https://finance.yahoo.com/markets/crypto/articles/fake-hyperswap-airdrop-drained-12-145106755.html

If you believe this is just "fake AI slop," I invite you to look at the actual on-chain results. My technical reports with full cryptographic trails forced MetaMask Security and Scam Sniffer to officially blacklist the malicious drainer contract to protect the wider Web3 community. I had to do the job of their entire security team while the project kept a verified phishing link live on their official Twitter for 12 days.

All verified transaction hashes, automated IP-ban proofs, and the full timeline of this security failure are fully documented and updated live in my public escalation thread on X.

Check the live evidence and the ongoing international campaign here:
https://x.com/UladzislauFiod/status/2074131479739703759?s=20

[FinneysTrueVision]

I am not here to argue about whether their Discord is online today or what reasons they used to ban me. The internal censorship of the Hyperliquid/HyperSwap ecosystem is already a documented fact.

When the exploit was actively draining user funds, their support was completely unreachable. This was independently verified and published by global financial media, including Yahoo Finance:
https://finance.yahoo.com/markets/crypto/articles/fake-hyperswap-airdrop-drained-12-145106755.html

If you believe this is just "fake AI slop," I invite you to look at the actual on-chain results. My technical reports with full cryptographic trails forced MetaMask Security and Scam Sniffer to officially blacklist the malicious drainer contract to protect the wider Web3 community. I had to do the job of their entire security team while the project kept a verified phishing link live on their official Twitter for 12 days.

All verified transaction hashes, automated IP-ban proofs, and the full timeline of this security failure are fully documented and updated live in my public escalation thread on X.

Check the live evidence and the ongoing international campaign here:
https://x.com/UladzislauFiod/status/2074131479739703759?s=20

According to that article, you were drained because you clicked on a phishing link posted by a Hyperswap impersonator. It’s not Hyperswap’s fault that scammers run rampant on X and that you got tricked by a fake airdrop.

It’s an unfortunate incident, but not something which entitles you to compensation from Hyperswap or Hyperliquid. Spamming all their communication channels with your complaints is counterproductive, as you can see from the bans you have received.

[albon]

According to that article, you were drained because you clicked on a phishing link posted by a Hyperswap impersonator. It’s not Hyperswap’s fault that scammers run rampant on X and that you got tricked by a fake airdrop.

It’s an unfortunate incident, but not something which entitles you to compensation from Hyperswap or Hyperliquid. Spamming all their communication channels with your complaints is counterproductive, as you can see from the bans you have received.

This source also shows from the blockchain records, that the fake account on the X platform was a separate account from the official HyperSwap account, but it was using a username that looked very similar to the official one.

[1] The official account was: @HyperSwapX

[2] The fake account was: @hyperswaperx

Unfortunately, what happened to this victim could have happened with any other project, not just HyperSwap, because fake and impersonation accounts are now everywhere in crypto communities.

In this case, the user is responsible for trusting that account without performing the necessary verification before trusting what the fake account posted. Therefore, I completely agree with you: the HyperSwap team is not to blame for this.