Decentralized trading platform Hyperliquid has recovered its Hyper Foundation X account after it was compromised by hackers on May 24, 2025.
Hyperliquid is a decentralised exchange that was built on a layer 1 blockchain and is known for offering traders advanced tools such as futures contracts and margin trading. Its native token, HYPE, went live in 2024 through an airdrop.
“The @HyperFND X account has been secured. The Hyperliquid blockchain and all other social media channels were unaffected and remain secure. A thorough investigation is being conducted with the assistance of X’s security team. Security best practices were and continue to be in place for the account. There was no compromise of internal systems, email, or associated credentials. Hardware 2FA was untouched. Sincere thanks to X’s team for their swift action and support.” read the X post.
Hyperliquid’s official account informed people on X on the day it occurred, saying the HyperFND account was compromised and to not interact with any links or posts from the account.
These hacks occurred shortly after Hyperliquid hit multiple all-time highs with open interest of $8.9 billion, 24-hour fees of $5.4 million, and total value locked of USDC of $3.2 billion according to an earlier X post on 22 May, 2025.
Source: CoinMarketCap
The price of the Hyperliquid token continues to climb after achieving its all-time high and was $38.94 at the time of reporting.
