Error opening file: "The data couldn't be read because it isn't in the correct format"

The most likely cause was a bad transfer or sync. Is this stored on a remote volume or synced folder?

If you control-click in the finder on a .hype document, does it have “Show package contents?” If so, what is inside? (typing ls -al with a space at the end and then dragging in the file and hitting return will show the contents)

…and most importantly, do you have backups?