Trade.xyz restored its GitBook documentation to its previous state by 9:15 a.m. ET on Nov. 2, 2026, after detecting unauthorized activity earlier that morning. The derivatives platform said the incident was limited to its public documentation and did not describe any compromise of Hyperliquid’s underlying trading infrastructure or smart contracts.
The company kept its safety warning in place, telling users: “As a precaution, we advise users not to click on any links within the documentation while our investigation remains ongoing.” No loss figure, affected wallet count, attacker address, or compromised administrator account was disclosed, and the team did not identify how the unauthorized access occurred.
The incident follows a wider series of DeFi frontend compromises flagged by Blockaid on Oct. 31, which involved Flap, Kintsu, StonkFun, Pickle Finance, Echelon, Origami Finance, FluxBeam and others allegedly serving the Step Drainer toolkit. Trade.xyz did not link its GitBook case to those attacks.
Trade.xyz recently announced an agreement with Intercontinental Exchange, owner of the New York Stock Exchange, to build a separate regulated U.S. perpetual futures market. That proposed business would require regulatory approvals and would offer derivatives on crypto, equities, commodities and foreign exchange, with U.S. access through futures commission merchants after KYC and AML checks.
The platform says it has processed more than $650 billion in cumulative volume in just over a year and recently added NIFTY 50 perpetuals with up to 20x leverage, settled in USDC.
