May 21, 2024

$ 18 million stolen from DeFi-protocol Cream Finance

The decentralized Cream Finance protocol was attacked with a flash loan and lost $18 million in Ethereum.This was announced by journalist Colin Wu.

There were two hackers, a total of 17 transactions.

Blockchain security specialists PeckShield Inc. claim to have identified the root cause of the hack and offered assistance to the Cream Finance developers.

Representatives of the DeFi protocol have not yet commented on the incident.

In February, Cream Finance was already subject tosimilar attack. Then an unknown attacker took advantage of a vulnerability in the Iron Bank protocol (the second version of the Cream Finance project) and withdrew tokens totaling $ 37.5 million.

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