TLDR: Hypervault allegedly stole $6.3M in crypto, leaving users with empty smart contracts. Nick Olsen, founder, reportedly deleted all social media channels after the incident. Affected users are advised to revoke wallet permissions immediately to protect funds. Blockchain transactions are irreversible, making recovery of lost funds impossible. The crypto community is sounding the alarm after [...] The post Hypervault Rug Pulls $6.3M From Investors, Founder Allegedly Disappears appeared first on Blockonomi.TLDR: Hypervault allegedly stole $6.3M in crypto, leaving users with empty smart contracts. Nick Olsen, founder, reportedly deleted all social media channels after the incident. Affected users are advised to revoke wallet permissions immediately to protect funds. Blockchain transactions are irreversible, making recovery of lost funds impossible. The crypto community is sounding the alarm after [...] The post Hypervault Rug Pulls $6.3M From Investors, Founder Allegedly Disappears appeared first on Blockonomi.

Hypervault Rug Pulls $6.3M From Investors, Founder Allegedly Disappears

2025/09/27 03:59

TLDR:

  • Hypervault allegedly stole $6.3M in crypto, leaving users with empty smart contracts.
  • Nick Olsen, founder, reportedly deleted all social media channels after the incident.
  • Affected users are advised to revoke wallet permissions immediately to protect funds.
  • Blockchain transactions are irreversible, making recovery of lost funds impossible.

The crypto community is sounding the alarm after allegations emerged that Hypervault’s founder, Nick Olsen from Sweden, stole millions from investors. Social media users, including @hypingbull, reported that Hypervault’s smart contracts now hold no assets. 

The controversy has caused panic among users who trusted the platform for crypto investment. Investors are scrambling to safeguard their wallets, as blockchain rules make reversing transactions impossible. Community members are rallying online to warn others and trace the alleged culprit.

According to tweets shared by @hypingbull, multiple users, including @theHYPEconomist, had prior discussions with Olsen before investing. The total value lost is reported to be around $6.3 million in various cryptocurrencies. 

The affected wallets are now empty, and the platform’s website shows no remaining funds. Investors are being urged to act quickly to revoke permissions on any connected wallets to prevent further loss.

Hypervault Crypto Losses Shake Investor Confidence

Following the alleged rug pull, Hypervault deleted all major social channels. Twitter and Discord accounts linked to the project no longer exist, limiting communication. Users expressed frustration, noting that the lack of transparency left them exposed. 

Security experts advise caution when interacting with unaudited smart contracts in decentralized finance platforms.

Community members are sharing contact information linked to Olsen, including the email [email protected]. Some investors are attempting to connect through social platforms to document the alleged scam. 

Despite these efforts, the decentralized nature of blockchain means recovering lost funds is highly unlikely. Analysts warn that such incidents highlight the risks of investing in unverified crypto projects.

Steps Users Can Take After a Crypto Scam

Experts recommend revoking wallet permissions immediately for any platform linked to Hypervault. This limits potential future losses even if funds cannot be retrieved. 

Investors are reminded to use audited contracts and verified platforms to prevent similar outcomes. Community discussion threads are growing as users exchange advice and updates on possible recovery avenues.

The post Hypervault Rug Pulls $6.3M From Investors, Founder Allegedly Disappears appeared first on Blockonomi.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights

You May Also Like

Raoul Pal Predicts Bitcoin’s Correlation With ISM Index

Raoul Pal Predicts Bitcoin’s Correlation With ISM Index

The post Raoul Pal Predicts Bitcoin’s Correlation With ISM Index appeared on BitcoinEthereumNews.com. Key Points: Raoul Pal asserts Bitcoin aligns with the ISM Index cycle. Bitcoin’s price peak predicted for 2026 due to market dynamics. Potential Bitcoin price growth if ISM surpasses 60. Raoul Pal, co-founder and CEO of Real Vision, recently stated that Bitcoin’s price movement is now closely linked to the ISM index, anticipating significant impacts. This connection suggests a potential peak in Bitcoin prices by 2026, aligning with macroeconomic cycles and affecting market dynamics for investors globally. Bitcoin Market Projections Aligned with ISM Growth Raoul Pal, co-founder of Real Vision, asserts a strong connection between Bitcoin and the ISM. He suggests that the Treasury’s decision to extend debt maturity from four to five years artificially lengthens Bitcoin’s market cycle. This effectively reshapes investment expectations into a five-year cycle, delaying projections originally due in 2025 to 2026. Pal expects Bitcoin prices could surpass $300,000 should the ISM rise above 60, riding a wave of increased liquidity. This forecast synchronizes with a broader market understanding that Bitcoin trends reflect major macroeconomic cycles. Raoul Pal stated, “Bitcoin goes up as the ISM goes up… If it goes above 60, I mean, those are high prices in Bitcoin. That’s above $300,000, maybe even higher.” Investor sentiment on social platforms shows keen interest in Pal’s theory. The notion of extending cycle expectations to 2026 has prompted significant discussions among traders, with an emphasis on ISM readings as critical triggers. Official statements from Pal emphasize Bitcoin’s leading position relative to ISM metrics. Key Historical ISM Surges Boost Bitcoin Prices Did you know? Historically, when the ISM Index surpassed 60, Bitcoin has experienced significant rallies, such as those in 2017 and 2020–21. Analysts predict a similar surge if current trends continue. According to CoinMarketCap, Bitcoin’s price currently stands at $111,519.43, reflecting a 24-hour change of -1.41%. The…
Share
BitcoinEthereumNews2025/09/25 19:57
The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 69.8%.

The probability of the Federal Reserve cutting interest rates by 25 basis points in December is 69.8%.

PANews reported on November 3rd that, according to CME's "FedWatch," the probability of the Federal Reserve cutting interest rates by 25 basis points in December is 69.8%, while the probability of keeping rates unchanged is 30.2%. The probability of the Fed cumulatively cutting rates by 25 basis points by January next year is 56.6%, the probability of keeping rates unchanged is 20.2%, and the probability of cumulative rate cuts of 50 basis points is 23.2%.
Share
PANews2025/11/03 07:09