The team behind Crema Finance, a Solana-based decentralized liquidity protocol, has halted the protocol's operation after being attacked by hackers.
According to analysts at OtterSec, the attackers have withdrawn about $6 million in digital assets from the project's liquidity funds.
The attack has been reportedly carried out using instant lending on the lending platform Solend.
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The company's specialists have said that unknown attackers have discovered a vulnerability that allows making deposits into the protocol and withdrawing the corresponding amount of assets, while receiving additional tokens through the Claim instruction.
To carry out the attack, the hackers deployed on Solana's network a smart contract that interacts with Crema Finance.
The Crema Finance team has reported it is investigating the incident and will share details of the attack and the amount of damage at a later date.