VERDICT —UNRATED
Verdict pending. Auto-ingested incidents are reviewed before a public verdict is rendered.
Root cause
Root-cause analysis not yet published. The incident description below contains all currently available signal — review the attack transaction directly for definitive forensics.
▰ PROOF OF CONCEPT
DEFIHACKLABS
src/test/2024-04/HedgeyFinance_exp.sol
view forked test on github ↗Reproducible Foundry test fork from SunWeb3Sec/DeFiHackLabs. Clone the repo, run forge test against the file path above, and replay the exploit against a mainnet fork at the historical block. Use for reproduction only — not for live targets.
Forensic narrative
Hedgey Finance suffered two exploits, one on the Ethereum and another on the Arbitrum network. The ETH attack resulted in a loss of $1.9 million, while the Arbitrum exploit led to a theft of $42.8 million in ARB tokens. Attack method (per SlowMist): Flash Loan Attack. Reported loss: $ 44,700,000.
Primary source
https://cryptonews.com/news/hedgey-finance-suffers-dual-exploits-losing-44-7-million-in-funds.htm ↗Sourced from
slowmist
Technical record
- chain
- ethereum
- protocol
- Hedgey
- bug_class
- flashloan
- date_occurred
- 2024-04-19
- loss_usd
- $44,700,000
- source_id
- sm:hedgey::2024-04-19
Related — same bug class· flashloan