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

Pepeto vs Blockdag Vs Layer Brett Vs Remittix and Little Pepe

Pepeto vs Blockdag Vs Layer Brett Vs Remittix and Little Pepe

The post Pepeto vs Blockdag Vs Layer Brett Vs Remittix and Little Pepe appeared on BitcoinEthereumNews.com. Crypto News 18 September 2025 | 05:39 Hunting the best crypto investment in 2025? Presales can flip a portfolio fast and sometimes change a life overnight when you choose well, which is why we start with receipts instead of slogans and cut straight to what’s live, audited, and usable today, not vague aspirations likely to drift as cycles turn and narratives fade for months. In this head-to-head we put Pepeto (PEPETO) up against Blockdag, Layer Brett, Remittix, and Little Pepe using simple yardsticks, team intent and delivery, on-chain proofs, tokenomics clarity, DEX and bridge readiness, PayFi rails, staking, and listing prep, so you can act on facts, not hype, and decide confidently before the next leg higher catches you watching from the sidelines. Pepeto’s Utility Play: Zero-Fee DEX, Bridge, And StrongPotential Pepeto treats the meme coin playbook like a platform brief, not a joke. The team ships fast, polishes details, and shows up weekly, aiming for staying power rather than a momentary pop. A hard-capped design anchors PepetoSwap, a zero-fee exchange where every trade routes through PEPETO for built-in usage instead of buzz. Already 850+ projects have applied to list, fertile ground for volume if listings follow. A built-in cross-chain bridge adds smart routing to unify liquidity, cut extra hops, and reduce slippage, turning activity into steady token demand because every swap touches PEPETO. Pepeto is audited by independent experts Solidproof and Coinsult, a trust marker reflected in more than $6,7 Million already raised in presale. Early momentum is visible. The presale puts early buyers at the front of the line with staking and stage-based price increases, and that line is getting long. Utility plus purpose, culture plus tools, the combo that tends to run farther than hype alone. Translation for you: Pepeto is graduating from noise to usage. If…
Share
BitcoinEthereumNews2025/09/18 10:41
As Lions Lead The Way, NFC North May Be Even Better In 2025

As Lions Lead The Way, NFC North May Be Even Better In 2025

The post As Lions Lead The Way, NFC North May Be Even Better In 2025 appeared on BitcoinEthereumNews.com. Aidan Hutchinson is capable of taking over a game at any time. (Photo by Michael Reaves/Getty Images) Getty Images If the NFC Central was considered the best division in football last year, it may be even better this season. Start with the Detroit Lions and the focus should be on head coach Dan Campbell, quarterback Jared Goff and edge rusher Aidan Hutchinson. The Lions finished 15-2 last year and matching that record will be difficult, especially after losing both coordinators. Offensive coordinator Ben Johnson left the Lions coaching staff to take over as head coach of the Chicago Bears and he is working hand in hand with Caleb Williams and helping him improve. Aaron Glenn is trying to do the same with the New York Jets and that team has shown some battle even if it is winless in three games. The Lions were dominant on the road in their Week 3 Monday night game against the Baltimore Ravens. There are three rules to football that may seem old school, but by getting the best of the Ravens in all three, they were able to dominate the game by far more than the 38-30 final score. Run the football, protect the quarterback and pressure the opposing quarterback. The Lions outrushed the Ravens 224-85 and the offensive line did not allow the opponents to get to quarterback Jared Goff even once. At the same time, Hutchinson and the Lions defense sacked Lamar Jackson seven times. Campbell said the Lions’ sack explosion did not surprise him in any way. “We know what we’ve got here,” Campbell said. “We don’t need anybody telling us what we do or don’t have. We feel good about it. It takes everybody doing their job, and our guys did that.” If the Lions can do this to…
Share
BitcoinEthereumNews2025/09/26 01:36