Cream Finance, a lending protocol based on the Ethereum network, has lost
The team behind Cream Finance confirmed its lending markets had been targeted by a large flash loan transaction, a type of exploit which is frequently used by hackers to target vulnerabilities in lending protocols.
“The attacker removed a total of
The hacker concealed an unusual message in a string of code which accompanied the transaction used for the attack. They said: “gÃTµ Baave lucky, iron bank lucky, cream not. ydev : incest bad, dont do,” in a comment which seemed to refer to
The funds were initially sent to a single address, but have since been sent to multiple addresses and liquidity pools.
Yesterday’s attack was not the first time Cream has been involved in an attack with exploits draining
The protocol announced that it had paused its lending markets on Ethereum while the company puts together a post-mortem review of the attack.
The attack, the largest in the history of
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The post Cream Finance hacked for
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