"The difference between protecting your clients' capital and explaining why it's gone."
When markets turned violent on Oct. 10, few were spared. Prices whipsawed, liquidity evaporated, and more than a few DeFi funds went under. Within 24 hours, more than $19B in leveraged positions were liquidated in the largest such event in crypto history.
Wave Digital Assets, a leading digital asset manager with deep DeFi exposure, faced the same turbulence and leveraged real-time intelligence and automated mitigation from Hypernative.
Hypernative really helped us in that challenging market. As we watched many seasoned funds completely blow up and go out of business, Hypernative's alerting helped us close out positions early and take risk off.
Rajiv Sawhney, Head of International Portfolio Management @ Wave
As of Nov. 18, 2025, Wave manages 10+ treasuries across 9 chains and 19 DeFi protocols, balancing yield generation with fiduciary risk management. Hypernative’s Platform enables their team to monitor cross-chain price divergence, liquidity shifts, bridge anomalies, and governance proposals in real time, spotting trouble before it cascades into loss. When the flash crash hit, that visibility helped turned a crisis into a controlled exit.
What mattered most on Oct. 10 was that Wave could see where stress was emerging in real time. Together, these signals gave Wave a clear operational picture in a moment when most of the market was reacting blindly. The alert types that proved most valuable included:
For Wave, that day underscored a larger truth. In crypto, the improbable isn’t the same as the unimaginable. What happened on Oct. 10 was what Nassim Taleb calls a grey swan: a rare, severe, but ultimately conceivable event in a system built on leverage, reflexivity, and round-the-clock liquidity.
Real-time monitoring and automated response isn't about predicting every crisis. It's about building a safety net for the scenarios everyone knows are possible but hopes won't happen. The Hypernative platform gives institutional asset managers what Wave had on Oct. 10: early warning, automated alerts, and the ability to act while others are still processing what went wrong.
Wave isn't alone. Circle, Galaxy Digital, Kraken, and Uniswap rely on the same infrastructure to protect their operations. When the next grey swan lands, will you be ready?
Reach out for a demo of Hypernative’s solutions, tune into Hypernative’s blog and our social channels to keep up with the latest on cybersecurity in Web3.
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