Hyperdrive: The security incident only affects the Primary USDT0 market and the Treasury USDT market, and all market trading and withdrawal functions are currently suspended

ChainCatcher message, according to the official disclosure from Hyperdrive, the security issue encountered by the protocol currently affects only two markets: the Primary USDT0 market and the Treasury USDT market.

To prevent malicious activities, the protocol has temporarily suspended all markets (including the interest mechanism) and all withdrawal functions. The Hyperdrive team stated that they are working with top security and forensic experts to investigate and are developing a patch to address the issue. The team has committed to releasing a complete post-incident analysis report after the investigation concludes and will provide the next substantial update within 24 hours through official Twitter and Discord channels.

Currently, the team is exploring all possible avenues to mitigate the impact on affected users, prioritizing the assessment of the overall impact of the incident and formulating a comprehensive remediation plan. Users are advised not to interact with the protocol or send funds to its smart contracts temporarily.