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ID:

cream-finance-255

Date:

Status:

Incident Count:

August 30, 2021

Verified

3

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REKT

Contributor:

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zerofriction.io

KYC By:

KYC:

None

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Audit By:

Audits:

Trail of Bits

Loss Amount:

2,300,000

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Recovered:

-

Rewards:

Currency:

USD, AMP, ETH

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Multi-Chain

Protocol

Lending

Flash Loans

Extended Method:

Flash loan attack

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Days in Operation:

0

(0.00 Years)

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The mortgage lending platform Cream Finance had a flash loan attack. In its post-mortem analysis report on the flash loan attack, it stated that a total of 460 million AMP tokens and 2804 ETH (worth approximately US$34 million at the time) were stolen from the vulnerability and promised 20% of all agreed fees will be used for repayment until it is fully repaid. This security incident has a major vulnerability attacker and an imitator. On October 4, according to a Cointelegraph report, DeFi security agency Lossless has assisted in recovering the stolen 5152.6 ETH worth nearly $16.7 million.

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