Hypervault Finance lost $3.6 million in cryptocurrency within hours, a move that sounded alarm bells in the DeFi community. On-chain data shows the funds moved from Hyperliquid to Ethereum before being converted into ETH. Approximately 752 ETH were transferred to Tornado Cash, a privacy service that is often employed to hide the trail of transactions. Analysts observed that this activity resembles the habits of rug pulls, in which developers suck liquidity and disappear.