Hackers have attacked the DeFi project Cream Finance with flash loans. As a result, the protocol has lost $18 million in Ether, journalist Colin Wu has reported.
Two hackers have made a total of 17 transactions.
Blockchain security specialists at PeckShield Inc. claim to have identified the root cause of the hack and have offered assistance to Cream Finance developers.
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.
Representatives of the DeFi protocol have yet to comment on the incident.
In February Cream Finance suffered a similar attack. At that time, the hacker exploited a vulnerability in the Iron Bank protocol (the second version of the Cream Finance project) and stole $37.5 million in tokens.