WebOct 31, 2024 · Hackers Steal $130 Million from Crypto Protocol Cream Finance. The decentralized finance (DeFi) protocol Cream Finance has reportedly suffered a major breach, losing $130 million to hackers in what might be one of the largest sums of money stolen in the growing DeFi field. WebSep 24, 2024 · The biggest difference between Cream Finance Swap and other AMMs is lower fees. Cream Finance Swap only charges a 0.25% trading fee while the unofficial industry standard is 0.3%. 0.20% of these fees go to liquidity providers (the users depositing their funds into the pools in the previous section).
Cream Finance hacker returns stolen funds – Cryptopolitan
WebThe attack was targeting Cream Finance, an entity that describes itself as a “decentralized lending protocol for individuals”. The attack exploited a vulnerability that allowed the hackers to steal around $24 million in AMP tokens and another about $10 million in Ethereum tokens. According to Cream Finance, the attack took place on August 31. WebAug 31, 2024 · Cream Finance, a decentralized finance (DeFI) platform, recently reported that its cryptocurrency wallet has been hacked. Hackers claimed to have stolen over $29 million in cryptocurrency assets! In a tweet earlier today, the company confirmed the hack, stating the extent of damage and the stolen amount. manila di silvestro
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WebAug 5, 2024 · Cream Finance, a decentralized finance (DeFI) platform, recently reported that its cryptocurrency wallet has been hacked. Hackers claimed to have stolen over $29 million in cryptocurrency assets!In a tweet earlier today, the company confirmed the hack, stating the extent of damage and the stolen amount. WebAug 31, 2024 · tldr; Cream Finance, a decentralized finance (DeFI) platform, reported that its cryptocurrency wallet has been hacked. Hackers claimed to have stolen over $29 million in cryptocurrency assets. The hacker adopted a “reentrancy attack” in its “flash loan” feature to rob $25 million in AMP tokens. WebAug 5, 2024 · The attack was targeting Cream Finance, an entity that describes itself as a “decentralized lending protocol for individuals”. The attack exploited a vulnerability that allowed the hackers to steal around $24 million in AMP tokens and another about $10 million in Ethereum tokens. criteria access