Hyperliquid Season 2 vote Is Fake: Look-Alike Phishing Wave
Hyperliquid Season 2 vote posts on X are a phishing campaign: look-alike accounts push freshly registered "governance" sites. No vote has been announced by @HyperliquidX or the Foundation.
Early story. Some claims here are not officially confirmed yet. We update this post as it confirms.
- At least six look-alike domains for the "vote" were registered on October 19, according to a Trenchbook write-up, linked through URL shorteners from spam replies.
- The accounts copy Hyperliquid branding with tiny tweaks, such as a capital "I" in place of an "l" in "Hyperliquid," and new posts with tens of thousands of views kept appearing overnight.
- The 38.888% figure is real, which is why the scam works: it is the share of supply Hyperliquid set aside for future emissions and community rewards at genesis.
in this block
The Hyperliquid Season 2 vote going around X is fake. Look-alike accounts are promoting a "governance vote" over where 38.8% of the HYPE supply should go, linking to freshly registered sites that ask you to connect a wallet. Neither @HyperliquidX nor the Hyper Foundation has announced any such vote, and the campaign was still running on Tuesday morning UTC.
What actually happened
Starting Sunday into Monday, a wave of X posts announced that "Season 2" of HYPE rewards was going to a community vote and that holders could "decide where it goes." The posts link to sites dressed up as Hyperliquid governance portals. Connecting a wallet and signing is the trap: drainer sites ask for token approvals or signatures that let them sweep funds.
Trenchbook traced six domains registered on the same day with names mixing "season2," "governance," "hypereco" and "hyperecosystem." We are not linking them, and you should not visit them. Their pattern, many near-identical domains created at once, is a hallmark of phishing kits that rotate sites as each one gets flagged.
On Tuesday at 02:23 UTC, another look-alike account published a long X article titled "$HYPE Season 2: You Decide Where It Goes," which had roughly 99K impressions a few hours later. Spam reposts were arriving every few seconds. At least one automated crypto-news site repeated the "vote" as if it were real, which made it look even more legit.
Why the 38.8% detail is bait
At genesis in 2024, the Hyper Foundation said 38.888% of the HYPE supply was reserved for future emissions and community rewards. Hyperliquid's own docs also say the original points program, including its second season, ended back in 2024. So the scam glues a real number to a fake event. Anyone who half-remembers "38.8% for the community" sees the post and thinks the moment has come.
There has been real HYPE supply news lately, which adds noise. Our coverage of the HYPE OTC distribution and the HYPE AQAv2 buyback covered actual on-chain flows. A fake Hyperliquid Season 2 vote lands in the same feed and borrows that credibility.
HYPE itself traded around $78.77 at 06:00 UTC on October 20, down about 1.4% on the day, per CoinGecko. There was no sign of a governance-driven move.
How to spot the fakes
Check the handle and the follower count, not the display name. The official account is @HyperliquidX, with hundreds of thousands of followers and years of history. The scam accounts use handles like "HyperliquidEco_" or swap a zero for an "O," and many were created recently.
Look at the link before you click. Real Hyperliquid announcements point to hyperliquid.xyz or its official docs. A URL shortener, an unfamiliar domain or a site asking you to "verify eligibility" by signing is a red flag. No real governance vote needs you to approve token spending.
Watch the clock tricks too. Phishing campaigns lean on urgency, with lines like "voting closes soon" or "only eligible wallets," so a countdown is a warning sign in itself. Hyperliquid's past governance decisions, such as validator votes, happened on chain and were announced by official channels, not through wallet-connect forms on brand-new domains.
If a vote needs your seed phrase or an unlimited approval, it is not a vote. It is a withdrawal.
What to do as a reader
Do not connect a wallet to any Hyperliquid Season 2 vote site, and do not sign anything linked from replies or DMs. If you already signed, move your remaining funds to a fresh wallet right away and revoke approvals with a trusted tool such as revoke.cash. Report the accounts to X.
For real news, follow only @HyperliquidX, @HyperFND and the official docs. If something big like a new emission program were coming, it would appear there first, not in a stranger's quote post. Nothing here is investment advice.
Sources: Trenchbook investigation, official Hyperliquid X account and CoinGecko HYPE page.
Not financial advice. DYOR, ser.
