Hedgy Finance responds to security breach as crypto attacks could resume following Bitcoin halving hype

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 72%

Cryptocurrencies News

United States United States Latest News,United States United States Headlines

DeFi token vesting platform Hedgy Finance suffered a security breach on Friday that resulted in a $1.9 million loss.

Hedgy Finance has begun attempts to recover stolen funds after a $1.9 million security breach on the Hedgy Token Claim Contract. Phishing attacks increase as Ethereum name service address suffers a major hit. Investors should exercise caution as Bitcoin halving hype could lead to more attacks. However, Hedgy announced that it's currently working out plans to recover the stolen funds. This comes after a series of phishing attacks across various blockchain platforms.

Our system has identified multiple phishing transactions this morning. Unfortunately, victims have approved the phishers' External Owned Account . We strongly advise revoke approvals for https://t.co/qR54s5N37M The phishers have collected approximately $3M across… pic.twitter.com/VcOSh0N0dW — Cyvers Alerts April 19, 2024 Cyvers admonished users to revoke approvals for the several phishing EOAs. The phishing attacks seem not to be over, as an Ethereum name service address mummyhap.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

DeFi Project Targets Multibillion-Dollar Market with Groundbreaking DeFi Debit Card LaunchCrypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »