tldr; Hedgey Finance, a token infrastructure platform, suffered a flash loan attack resulting in a loss of approximately $44.5 million in digital assets across Ethereum’s layer-2 network Arbitrum and the Binance Smart Chain. The attacker exploited the ‘createLockedCampaign’ function using flash-loaned funds to drain the platform’s assets, which were then converted to DAI stablecoin and transferred to an external address. Hedgey Finance is investigating the attack and has advised users to cancel active claims.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
1 Comment
tldr; Hedgey Finance, a token infrastructure platform, suffered a flash loan attack resulting in a loss of approximately $44.5 million in digital assets across Ethereum’s layer-2 network Arbitrum and the Binance Smart Chain. The attacker exploited the ‘createLockedCampaign’ function using flash-loaned funds to drain the platform’s assets, which were then converted to DAI stablecoin and transferred to an external address. Hedgey Finance is investigating the attack and has advised users to cancel active claims.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.