Pirates Hacked This Crypto Project! Invoice is Swelling in Ethereum and Arbitrum Network…
Hackers are haunting the cryptocurrency industry. Attackers recently discovered a security vulnerability in Hedgey Finance, a decentralized finance protocol. With this vulnerability, hackers caused Hedgey Finance a large amount of damage.
Cyvers Alerts, a successful cyber security company, shared that with this attack, this protocol running on the Ethereum and Arbitrum network lost nearly 45 million dollars.
Hedgey Finance team accepted this attack and included the following words in its post on the subject:
“We are actively working with our auditors and team to understand the attack and stop ongoing attacks. We will share more information as we learn more.
We will also conduct a larger investigation into the latest exploit in the coming days. “We are currently focused on working with affected users of the token demand product and recovering lost funds.”