Hedgey Finance Suffers Dual Exploits, Losing $44.7 Million in Funds

Hedgey Finance exploits have rocked the DeFi platform, resulting in a $44.7 million loss. Hackers targeted the Token Claim Contract across Ethereum and Arbitrum networks, utilizing flash loans to drain funds. Here’s everything about the aftermath, ongoing investigations, and the platform’s response to these events.
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"The only truly secure system is one that is powered off, cast in a block of concrete and sealed in a lead-lined room with armed guards." — Gene Spafford

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