Cream Finance reports the recovery of the stolen funds of $ 16 million

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About a month after the second exploitation this year, Cream Finance reported that it has recovered more than $ 16 million of the funds.

cryptoc potato reported August of this year when the decentralized financial protocol Cream Finance suffered another security violation-this time around $ 25 million was stolen in ETH and AMP. At that time, the team promised to investigate the way and regularly provide updates. Now, about a month after the incident, Cream outlined a positive result, at least for a large part of the stolen funds. The team claimed that his full commitment to the recovery of these funds led to recovery of over 5,150 ETH. In today's prices, this amount corresponds to more than $ 16 million. Nevertheless, there are still several million. Cream further explained that the parties involved in the collection of the funds earned a bounty of 50 %. In addition, the Defi protocol has followed its traditional 10 % bug bounty and enables the hacker to withhold 10 % of the stolen funds.

We thank our community for the great support, with special thanks to @Losslessdefi and

Thanks to them we were able to find and identify the hacker, which we immediately hired.

- Cream Finance 🍦 (@Creamdotfinance) 1. October 2021

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