Crema Finance protocol based on Solana stopped working due to a hacker attack

The Crema Finance decentralized liquidity protocol team (Solana ecosystem) has stopped the applicationdue to a hacker attack.

According to OtterSec analysts, attackerswithdrew digital assets worth about $6 million from the project’s liquidity pools. The attack was carried out using instant loans on the Solend landing platform.

Experts said that unknowndiscovered a vulnerability that allows making deposits to the protocol and withdrawing the relevant amount of assets, while receiving additional tokens through the Claim instruction. To carry out the attack, the hackers deployed their own smart contract on the Solana network that interacts with Crema Finance.

At the time of writing, 69,422 SOLs (~$2.28 million) are stored at the supposed address of the attackers.

The Crema Finance team is investigating the incident. The developers promised to disclose the details of the attack and the amount of damage later. 

Recall that on June 24, a hacker stole about $100 million during an attack on the Horizon cross-chain bridge of the Harmony protocol.

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