In 1435, Vasily II concluded a peace with his cousin Vasily Kosoy there. At that time, the cloister was a notable centre of learning. It was here that Nikolay Karamzin discovered a set of three 14th-century chronicles, including the Primary Chronicle, now known as the Hypatian Codex. The Hypatian Monastery was disbanded after the October Revolution in 1917. It has been a part of the historical and architectural preservation, but recently the authorities decided to return it to the Russian Orthodox Church, despite strong opposition from museum officials.