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Crema Finance has been hacked again - Coinnounce


coinnounce.com 04 July 2022 05:41, UTC
Reading time: ~2 m

The team of decentralized finance (DeFi) project Crema Finance, which operates on the Solana Blockchain, has reported a hack and has temporarily suspended services.

🚨🚨Attention! Our protocol seems to have just experienced a hacking. We temporarily suspended the program and are investigating it. Updates will be shared here ASAP.

— CremaFinance (@Crema_Finance) July 3, 2022

As the project team stated, investigating the incident and establishing possible losses is ongoing. For this, the developers cooperate with the company OuterSec, which specializes in the field of blockchain security.

@Crema_Finance was recently hacked for over $6M. Unlike previous attacks, this hacker used Solend flashloans to drain the pool. We’re working closely with the Crema team to help resolve this issue.

In the meantime, we’ll be sharing what we know about the exploit 🧵 pic.twitter.com/5NjovZtAEb

— OtterSec (@osec_io) July 3, 2022

Later, the developers of Cream Finance reported that the attackers withdrew $8.8 million from the project.

It will be recalled that hackers previously hacked the Horizon bridge between the Ethereum, Binance Chain, and Bitcoin blockchains launched by the Harmony One project. Then the attackers stole tokens worth $100 million

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