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HedgeFinance lost about $12.83 million, and the project faced thunderstorms before it opened

On September 20, the chain is deployed Hedge Finance management wallet address appear [give attack contract management authority] operation, lead to attack the contract through management authority from the strategy pool bank management assets removed, stolen funds have been transferred across the chain, $12.83 million encryption assets stolen one day later, Hedge Finance in the official social media of the public pool and hedge assets, including U S D D, BUSD, ETH, SOL, BTC, asset residual value of about $153700. Of these, 3,832 items from ETH theft accounted for about half of the total, and $7.34 million from hedge funds.

Hedge Finance officials said that the remaining assets will be announced after a third-party joint team confirms the cause of the accident, the safety of the contract, and the sol compensation plan. Officials said they would close all things related to Hedge Finance products to avoid another attack. Users can send the solana chain wallet address through Twitter and Telegram to officially accept the residual value compensation. The compensation progress will be tweeted, please stay out for the latest developments. Hedge Finance will make it through with all the consensus at the end.

Although Hedge Finance is sol’s early baby project, but the first time after the incident, any social media platform did not speak out, indicating that Hedge Finance has been abandoned baby. In the face of finance is bloody and finally by the market to pay, was abandoned by the market. However, Hedge Finance in the first time quickly made emergency means to be free from zero (which is basically zero here) and also released relevant events in the first time, so that users’ right to know and choose to be met in advance. This is not the spirit of formal blockchain advocacy?

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