Hedgey Finance, a platform used to manage token claims, lockups, and vesting, was hit with a flash loan attack that drained $44.7 million of customer funds from the platform.The majority of assets were stolen from Hedgey on the Arbitrum layer-2 network, although around $2.1 million of them were stolen from the version deployed on the Ethereum mainnet.Hedgey Finance confirmed the exploit, and sent an optimistic and congratulatory message on-chain: “Well done for finding it! We’re assuming you executed this exploit as a white hat, so we’d like to get in touch with you to discuss next steps.” No on-chain response thus far.

Total loss estimated at $44,700,000.