Hackers withdrew at least $1.9 million from Hedgey Finance DeFi protocol
Cybersecurity company Cyvers reports that the Hedgey Token Claim smart contract was hacked and hackers were able to withdraw $1.9 million in assets and then convert them into DAI stablecoins.
The protocol runs on Ethereum and the Arbitrum solution, and now we are talking specifically about the Ethereum main network. However, according to some data, assets worth almost $43 million could be withdrawn from smart contracts based on Arbitrum.
Representatives of Hedgey Finance confirmed the security breach and urged users to cancel active requests for tokens in the Hedgey Token Claim smart contract. Now the developers are working with auditors and trying to return the funds.
Cryptocurrency journalist Colin Wu reported that Hedgey Finance lost a total of over $44 million.
At the beginning of the month, Cyvers warned of a hack on the FixFloat cryptocurrency exchange, as a result of which the site lost $2.8 million in assets.
