Hedgey Protocol loses $44.7M in dual cyber attacks

Hedgey Protocol suffers $44.7M loss in dual cyber attacks.
The protocol was targeted on both Arbitrum and Ethereum chains.
Hedgey advises users to cancel active claims, revoking approvals amid the ongoing investigation.Hedgey Protocol, a decentralized finance (DeFi) platform, finds itself in the throes of a cyber siege after suffering a devastating attack that resulted in a staggering loss of $44.7 million across the Arbitrum and Ethereum blockchains.
Cyvers Alerts, a leading cybersecurity watc