Hedgey Finance, a platform used to manage token claims, lockups, and vesting, was hit with a <button class="define-target" id="flash-loan">flash loan</button> attack that drained $44.7&nbsp;million of customer funds from the platform.<p>The majority of assets were stolen from Hedgey on the Arbitrum <button class="define-target" id="layer-2">layer-2</button> network, although around $2.1&nbsp;million of them were stolen from the version deployed on the Ethereum mainnet.</p><p>Hedgey Finance confirmed the exploit, and sent an optimistic and congratulatory message on-chain: "Well done for finding it! We're assuming you executed this exploit as a <button class="define-target" id="white-hat">white hat</button>, so we'd like to get in touch with you to discuss next steps." No on-chain response thus far.</p>

Web3 is Going Just Great

Hedgey Finance hacked for almost $45 million