Cyvers in the News

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.}

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.}