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. WebDec 11, 2024 · CREAM Finance History: Launched on the Ethereum blockchain in August of 2024, CREAM Finance is one of the newer DeFi lending platforms in the space. The platform was founded by Jeffrey Huang, who refers to himself as the “Semi-benevolent dictator of Cream.” Huang is also the creator of Mithril, an Ethereum-based social network.
Cream Finance Exploited in Flash Loan Attack Netting Over $100M - CoinDesk
WebAug 6, 2024 · 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. Bloomberg reports that DeFi protocol Cream Finance has suffered a major hack, losing $130 million in possibly one of the largest … WebApr 24, 2024 · The new option, ‘Checkout With Crypto,’ allows converting cryptocurrencies to U.S. dollars without any transactional fee. PayPal (NASDAQ:PYPL) already enables users to buy and sell... photocell light sensor hs code
C.R.E.A.M. Finance exploited again, this time for $25 to $30 million
WebAug 30, 2024 · decentralized finance platform Poly Network in the largest cryptocurrency theft against a single platform to date. In a bizarre twist, the hacker returned the majority of the funds, and Poly Network offered them a position as a chief security advisor (though it is not clear if they accepted). WebSep 3, 2024 · Cream Finance primarily functions as a peer-to-peer cryptocurrency exchange and lending platform. This type of platform works based on liquidity mining. Cream Finance’s token is CREAM. CREAM is an ERC-20 standard token where holders can gain certain governance and economic rights. WebCrypto Platform 'Cream Finance' Attacked, Over $30 Million in Tokens Stolen Image. A new cryptocurrency platform attack has cast a shadow over the notion of crypto as a whole being extremely secure. The attack was targeting Cream Finance, an entity that describes itself as a "decentralized lending protocol for individuals". how does the johnson\u0026johnson vaccine work