Cream Finance Suffers USD 25M Flash Loan Attack

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“C.R.E.A.M. “C.R.E.A.M.

This property is worth approximately USD 25.5m.

Further, the project stated that they had stopped the exploit by halting supply and borrowing on AMP. No other markets were affected.

They said that the investigation was assisted by blockchain analytics and security firm PeckShield.

According to journalist Colin Wu, there were 17 transactions and 2 attackers.

Cream Finance in March this year urged users to avoid the website because it was being attacked with DNS-hijackers. They said at the time that their “DNS has been compromised by a third party; some users are seeing requests for seed phrase on http://app.cream.finance. Do not enter your seed phrase.

Cream Finance’s most recent tweet promises an in-coming post-mortem.

Monday morning at 8:46 UTC, CREAM trades at USD168. It is down almost 5% per day and 7.5% per week.

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