Suspicious Transactions Detected On Arbitrum Linked To Hedgey Finance

According to PANews, Cyvers Alerts has reported suspicious transactions related to Hedgey Finance on the X platform. The system detected these transactions on Arbitrum, with an address beginning with 0xc724 executing the same vulnerability on the Arbitrum chain and reaping approximately $42.8 million. Cyvers Alerts has queried Hedgey Finance about whether these transactions were carried out by them. In previous news, Hedgey Finance was attacked on the Ethereum chain, with approximately $1.9 million stolen. The recent suspicious transactions have raised further questions about the security of transactions on the platform. The exact details of the transactions and the vulnerability exploited are yet to be disclosed. The incident has highlighted the need for increased security measures and vigilance in the cryptocurrency sector.