May 8, 12:46 AM

DeFi Platforms Suffer $2M Loss in Hedgey Finance Exploit, Scammers Target Addresses Resulting in $71M Cryptocurrency Losses

Multiple DeFi platforms have suffered significant losses due to various exploits and hacks. Hedgey Finance lost over $2M in an attack exploiting an oversight in the ClaimCampaigns contract. Scammers have targeted addresses, resulting in losses of millions of dollars worth of cryptocurrencies, including $WBTC, $ARC, $HEMULE, $eXRD, $LMEOW, and $STRUMP. One scammer laundered approximately $71 million worth of $WBTC by spreading the stolen funds across numerous wallets. Another incident involved a phishing scam resulting in the loss of 1,155 WBTC worth around $68M. Additionally, an exploit on GPU led to a $32k loss due to a bug in the balance update function.

#DeFi #Hedgey Finance #ClaimCampaigns

Written with ChatGPT (GPT-3).