DeFi Project Cream Finance Loses $18 Million in Hacker Attack
Main page News, Hacker Attack, DeFi
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Aug. 30, 2021

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.

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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.

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