Cream Finance suffers $ 130 million hack -
Cream Finance suffers $ 130 million hack -
The Ethereum Defi Protocol Cream Finance yesterday suffered an exploit that made it possible to steal $ 130 million from its stocks. The news was first announced by Peckshield, a company for blockchain analysis that discovered that a flash loan had exploited the platform. This is the third hack that the protocol has suffered in its history and was previously used for $ 36 and $ 29 million.
Cream Finance hacked again
Cream Finance, a loan and credit protocol based on Ethereum, suffered an exploit that enabled the hackers to steal ether and $ 130 million. Corresponding to Slowmist the attack has recorded 2,760.22 ether and 60 tokens including HBTC. usdt , busd and others. The attack was committed in the form of a series of flash loans in a very unorthodox way, which caused some to consider the hacker to be an experienced defi developer.
Another blockchain security company, Peckshield, brought the news and established a connection to the flash loan, which caused the hack Twitter . The company suspected that the attack was possible due to an error in a price oracle. The Cream Team fast recognized the situation and informs the users about the hack. You also said:
With the help of friends of Yearn Finance and others in the community, we were able to identify and patch the weaknesses. In the meantime, we have paused our V1 credit markets on Ethereum and are in the process of putting together a post-mortem check.
suspicious circumstances
The team from Cream Finance has been trying since then, communicate with the hackers and offers you to give you 10% of all lost tokens. This is a well -known strategy that has paid off for some protocols that have been exploited in the past. Nevertheless, no answer has been received.
The exploit transaction wears an enigmatic message that seems to point out in the direction of a directed action against the protocol. The message in which other protocols were also mentioned was:
Gãtµ baave happiness, iron bank happiness, cream not. YDEV: Incest bad, don't do it.
This is not the first time that Cream is exploited. The protocol has a pretty bad record because it was exploited three times this year. For the first time, in February, the Iron Bank of the Protocol has lost 36 Millions of US dollars in another flash loan attack. After this event, Cream Finance again in August when an exploit caused 29 million US dollar.
What do you think about the last exploit of Cream Finance and the strange circumstances that surround it? Tell us in the comment area below.
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