Hacker of DeFi Protocol Cream Finance Returns Stolen ETH
Pexels.com/Tima Miroshnichenko
Main page News, Ethereum, Hacker Attack, DeFi
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Sept. 8, 2021

PeckShield Inc., blockchain security and data analytics company, has tweeted that a hacker that stole from a decentralized finance (DeFi) protocol Cream Finance almost $18 million in ETH has returned all the stolen crypto. According to the transaction, the hacker returned 5,152.6 ETH (~$17.5 million) to the project's multi-sig wallet.

Hacker of DeFi Protocol Cream Finance Returns Stolen ETH
DeFi Projects Cream Finance and PancakeSwap Suffer DNS Hijack Attack

Cream Finance suffered a flash loan attack on August 30. The hacker has made a total of 17 transactions and drained from the protocol not only ether, but also 418,311,571 in AMP tokens (approximately $25.1 million at the time of the hack) through a bug of reentrancy in the AMP token contract.

Later, the developers of the DeFi protocol revealed plans to compensate the victims of the hack. The representatives of the project said they will allocate 20% of all fees they collect to compensate affected users. They also added they were willing to pay 10% of the stolen amount to the hacker if he returns all the the funds.

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