Decentralized token infrastructure platform Hedgey Finance confirmed yesterday (19th) that it was hit by two hacker attacks, resulting in a total loss of up to $44.7 million.
(Prior summary:
Not a mistake? Bitcoin transaction pays “£3.1 million” fee, victim claims it was a hacker attack.)
(Background information:
Friend.tech users frequently targeted in hacker attacks; SlowMist warns of centralization and lack of security mechanisms.)
According to the online security platform CyversAlerts, Hedgey Finance, a decentralized token infrastructure platform, 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. The hackers have already deposited some of the funds into the cryptocurrency exchange Bybit.
Hedgey Finance: Investigating the cause of the attack
In response, Hedgey Finance issued an urgent statement on social media platform X, stating that they are currently investigating the attack and reminding users:
What is alarming is that after Hedgey officially confirmed the attack, fake accounts impersonating the protocol appeared in the comments section, luring users to submit refund requests and revoke contract signatures, and posting malicious links.
Lastly, TokenInsight also reminded 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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