The post Hyperwave Resets Withdrawals After $4.9M Manipulation Loss appeared on BitcoinEthereumNews.com.

Key Points: All user withdrawals since November 8 must be resubmitted due to manipulation. $4.9 million lost following the POPCAT price issue. User trust affected as withdrawal actions require repetition. On November 13, Hyperwave of the Hyperliquid DeFi ecosystem required resubmission of hwHLP token withdrawals after a $4.9 million loss from market manipulation. This incident underscores vulnerabilities in decentralized finance protocols, impacting investor confidence and potentially affecting liquidity in related token ecosystems. Hyperwave Resets Withdrawals After $4.9M Manipulation Loss Hyperwave seeks withdrawal resubmissions after a $4.9M loss from market manipulation on November 8. Resubmission Details: Hyperwave’s project advised users via Discord and app notifications to resubmit their withdrawal requests as the original ones were voided. This disruption has impacted user confidence and withdrawal timelines. The manipulation incident created a cascading effect within the ecosystem, showcasing vulnerabilities in yield farming and related operations. “Due to rare exchange rate fluctuation, all HLP withdrawals since Nov 8 must be resubmitted. For assistance, open a support ticket on our official Discord or within the app.” — Hyperwave Support Team Initial market reactions have been muted with no on-the-record statements from industry leaders such as Arthur Hayes or Vitalik Buterin. Community forums, however, reflect growing frustration among users affected by the delays and potential loss of funds. Trust in the ecosystem is being called into question as users navigate resubmission procedures and reconsider their participation in the platform. DeFi Vulnerabilities and Market Implications Did you know? Flash loan exploits have previously affected DeFi protocols like Curve, causing similar vault liquidations and withdrawal resets. HLP Token, experiencing a decline, displays significant market turbulence. According to CoinMarketCap, it reported a 7-day decrease of 12.70%. Its price has fluctuated over 60 days, with moderate resilience shown by a past 4.04% increase. The token’s fully diluted market cap holds…

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Filed under: News - @ November 13, 2025 10:32 am