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Exploit Forces Crema Finance to Temporarily Suspend Services, $8.7 Million Stolen – Bitcoin News

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CremaFinance lost a total of $8,782,446 from the DeFi exploit.

“We worked closely with the Crema team alongside [Ottersec] to break down the movement of the stolen funds following the exploit,” Solanafm added. Ottersec is a blockchain auditing firm that hasSolanafm says that the hacker siphoned the funds via “6 flash loans on” the“Currently, all of the stolen funds are held in the hacker’spublished a thread

on the Crema Finance exploit and the flash loans. “In order to utilize flashloans, the attacker had to deploy their own onchain program,” Ottersec said. “Unfortunately, this program was quickly closed after the exploit.” “The flashloan calls three key instructions on the Crema contract: ‘DepositFixTokenType,’ ‘Claim,’ and ‘WithdrawAllTokenTypes.’ The attacker is [then] able to deposit and then withdraw the same amount of tokens, while receiving additional tokens from the claim instruction,” Ottersec added.

 

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Well, I guess it’s impossible to be sure about your holdings safety but it’s still safer to buy LEO tokens than fiat.

So much usdt is just lost... insane

What a rudimentary mistake, please spend some money and ask professionals to guard it

Play stupid games, win stupid prizes... let's be clear, there's bitcoin, and there's shitcoins. That's it.

Kim hacklayib?

Wow, that’s a lot. I only trust USDT at that point

Really very bad.

FinanceChainge fixes this defi metafi FUSIONProtocol

That means CremaFinance wasn't that decentralized then? I go with SmartFi 😎

Welcome onboard 🤗

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Short sol ?!

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