On April 2024, HedgeyFinance was exploited in a business logic flaw, resulting in approximately $48M in losses. That makes the HedgeyFinance exploit the 12th largest DeFi incident out of 690 documented in our archive.
Attack Mechanics: How the HedgeyFinance Business Logic Flaw Played Out
Exploit Class Applied to HedgeyFinance
The HedgeyFinance incident on April 19, 2024 is classified as a Business Logic Flaw. A business-logic bug in the contract — such as an incorrect formula or missing state update — lets the attacker withdraw more than their share. In the full archive, HedgeyFinance is 1 of 144 documented business logic flaw incidents.
HedgeyFinance in Context
At $48M, the HedgeyFinance exploit is a major ($10M–$100M) event compared to the largest same-class incident in our archive — – EulerFinance (2023) at $200M.
Prior Business Logic Flaw Before HedgeyFinance
The nearest business logic flaw incident before HedgeyFinance was SATX, 3 days earlier on April 16, 2024. The same exploit class surfaced again within the business logic flaw attack surface.
HedgeyFinance Vulnerability Signature
The primary source categorises the HedgeyFinance exploit specifically as “Logic Flaw”. This narrower label is entity-specific: it reflects how the HedgeyFinance contract failed, rather than the broad business logic flaw pattern alone.
Impact & Recovery for HedgeyFinance
HedgeyFinance Loss Figure
The HedgeyFinance exploit caused $48,000,000 in losses — a major ($10M–$100M) incident and the 3rd largest of 188 documented in 2024. This single incident represents 13.1% of all tracked losses that year.
Where HedgeyFinance Sits Among Business Logic Flaw Attacks
Ranked by loss size, HedgeyFinance is the 4th largest of 144 business logic flaw incidents documented. That puts the HedgeyFinance loss above the class average of $6.08M.
Timeline Since the HedgeyFinance Incident
The HedgeyFinance exploit occurred 2 years ago (725 days). The contract, its fork-block, and the attack transaction remain on-chain and forensically reproducible.
Primary Reference for HedgeyFinance
Public post-mortem / on-chain analysis for the HedgeyFinance incident: view source.
FAQ
How much did HedgeyFinance lose?
The HedgeyFinance exploit in April 2024 resulted in $48,000,000 in losses — the 3rd largest of 188 DeFi incidents that year.
When did the HedgeyFinance hack happen?
The HedgeyFinance exploit was recorded on April 19, 2024 — 725 days ago.
What type of exploit hit HedgeyFinance?
The HedgeyFinance incident is classified as a Business Logic Flaw. A business-logic bug in the contract — such as an incorrect formula or missing state update — lets the attacker withdraw more than their share.
How common is the Business Logic Flaw pattern seen at HedgeyFinance?
Our archive contains 144 documented business logic flaw incidents. The HedgeyFinance incident is one of them.
How does HedgeyFinance compare to the largest Business Logic Flaw attack?
The largest business logic flaw incident in our archive is – EulerFinance (2023) at $200M. The HedgeyFinance loss is $48M.
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