2021-10-28
Our Ethereum C.R.E.A.M. v1 lending markets were exploited and liquidity was removed on October 27, 1354 UTC. The attacker removed a total of ~$130m USD worth of tokens from these markets, using this address: https://etherscan.io/... No other markets were impacted.
The Record
Hackers steal an estimated $130M from DeFi platform Cream Finance in a flash loan attack; the company lost $37M in Feb. and $29M in Aug. in similar attacks
Hackers have stolen an estimated $130 million worth of cryptocurrency assets from Cream Finance, a decentralized finance (DeFi) …
With the help of friends from @iearnfinance and others in the community, we were able to identify the vulnerabilities and patch them. In the meantime, we've paused our v1 lending markets on Ethereum and we're in the process of putting together a post-mortem review.
The Record
Hackers steal an estimated $130M from DeFi platform Cream Finance in a flash loan attack; the company lost $37M in Feb. and $29M in Aug. in similar attacks
Hackers have stolen an estimated $130 million worth of cryptocurrency assets from Cream Finance, a decentralized finance (DeFi) …