Cyvers in the News

Hedgey Finance hacked for $44.7m on Arbitrum, Ethereum

According to alerts from security startup Cyvers, Hedgey Finance was hacked on April 19 across the Ethereum (ETH) and Arbitrutm (ARB) blockchains. ^{Cyvers reported that the first attack was deployed on ETH’s chain, and hackers stole around $1.9 million in crypto.}

Teahouse Finance is a multi-strategy DeFi platform specializing in secure and transparent asset management. Much like a hedge fund, Teahouse aims to help enterprise and individual clients grow their crypto assets through its wide range of professional strategies that align with users’ risk tolerance and investment goals.

Defi platform on Base network experiences $2m hack

^{‍According to web3 security firm Cyvers, the breach occurred on Grand Base’s deployer wallet,} as the attacker gained full privileges to mint the defi protocol’s native token, GB. Following the breach, the price of Grand Base plummeted nearly 99%.