Cyvers in the News

DeFi Platform Hacked for at Least $1,900,000 and Possibly More on Ethereum and Arbitrum Blockchains

In a new announcement, ^{cybersecurity firm Cyvers says that DeFi platform Hedgey Finance has been breached} by bad actors who took at least $1.9 million worth of funds that were converted to the stablecoin Dai (DAI).

DeFi platform Hedgey Finance hit by $44 million exploit

Hedgey suffered an exploit worth over $42.8 million Arbitrum (ARB) tokens on the Arbitrum network, ^{according to an April 19 X post by on-chain security firm Cyvers.}

Infrastructure Protocol Hedgey Incurs $45 Million Loss in Cyberattack

The attacker managed to maneuver through Hedgey Finance’s digital defenses by executing transactions that siphoned off assets totaling around $44.5 million. ^{Cyvers, a cybersecurity firm specializing in blockchain technology, initially detected this incident.}