August 8, 2025

Hyperliquid Vault Manager Under Fire for Moving $29 Million of User Funds to Other Blockchains

HLP0, which offers depositors a tokenized representation of Hyperliquid’s HLP vault, is facing backlash for withdrawing user funds from the multi-sig and bridging them to Avalanche and Arbitrum DeFi protocols instead of contributing them to the HLP …

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