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    Gate Blog

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    Gate.io Blog Hedgey Finance Hit by $45 Million Cyberattack: A Wake-Up Call for the Blockchain Security

    Hedgey Finance Hit by $45 Million Cyberattack: A Wake-Up Call for the Blockchain Security

    08 May 14:48
    [TL_ DR]
    Introduction
    Cyber-attack on Hedgey Finance Results in a $45 Million loss
    Cyvers, the Cybersecurity Firm that Detected the Incident
    Exploring the Exploit Method: _CreateLockedCampaign_ Function and Flash loans
    Hedgey’s Reaction and Response
    Money Laundering Concerns
    History of Crypto Exploits in 2024
    Conclusion
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