Any idea what hub that is? The Headshok too for more info, don't recognize the dropout. Not seen a hub bolt like that, I assume it isn't quick release at other end?
Seems unusual that a tool other than a normal hex Allen key would be required to unscrew it. Then again Cannondale did like their many different special tools peculiar to them.
So nowt to do with the hub or Headshok but turns out it's a security skewer which is the first of it's type I've ever seen.
As said above , seems to work as intended.