Hedgey Protocol Under Cyber Siege, $44.7M Evaporates in Dual Attacks

coingape.com/hedgey-protocol-under-cyber-siege-44-7m-evaporates-in-dual-attacks

The Hedgey Protocol recently found itself under siege in a cyber attack that resulted in a substantial loss of $44.7 million across two blockchain platforms, Arbitrum and Ethereum. This attack has raised concerns about the security vulnerabilities within the decentralized finance (DeFi) ecosystem and the urgent need for enhanced security measures.
Cyvers Alerts, a prominent…

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