DeFi Protocol Hedgey Finance Falls Victim to Hacker Attack, Suffers Losses of $44.7 Million

Decentralized token infrastructure platform Hedgey Finance confirmed yesterday (19) that it has suffered two hacker attacks, resulting in a total loss of up to $44.7 million.
(Prior context:
A mistake? Bitcoin transaction incurs a fee of “£3.1 million”: Victim of a hacker attack
)
(Background information:
Friend.tech repeatedly reports users being attacked by hackers, SlowMist warns: Centralized and lacking security mechanisms
)
According to the online security platform CyversAlerts, late yesterday (19),
monitoring
, the decentralized token infrastructure platform Hedgey Finance suffered two hacker attacks, resulting in a total loss of up to $44.7 million.
Simultaneous attacks
CyversAlerts stated that Hedgey Finance was first hacked on the Ethereum network, with hackers stealing $1.9 million worth of cryptocurrencies.
Furthermore, Hedgey Finance’s Hedgey Token Claim smart contract on the Ethereum Layer2 network Arbitrum was also hacked, resulting in the theft of $42.8 million worth of ARB tokens, and the hackers have already deposited some of the funds into the cryptocurrency exchange Bybit.
Hedgey Finance: Investigating the cause of the attack
In response to this, Hedgey Finance also urgently made a
response
on social platform X, stating that they are currently investigating the attack and reminding users:
What is alarming is that, even after Hedgey confirmed the attack, there are still fraudulent accounts impersonating the protocol in their comment section, luring users to apply for refunds and revoke contract signatures, and posting malicious links.
Finally, DooArea also reminds investors related to this incident to take timely measures to protect their assets and be cautious in identifying malicious phishing accounts.


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