• Contact
  • Privacy Policy
  • Advertise With Us
  • Login
  • Register
Your Trading Edge Magazine
Advertisement
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe
No Result
View All Result
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe
No Result
View All Result
Your Trading Edge Magazine
No Result
View All Result

Cream Finance Hacked for $130 Million In Another Flash Loan Attack

October 28, 2021
in Crypto News
Reading Time: 2 mins read
A A
0
Cream Finance Hacked for $130 Million In Another Flash Loan Attack
0
SHARES
4
VIEWS
ShareShareShareShareShare

Decentralized lending protocol Cream Finance has suffered a flash loan attack, losing over $130 million worth of various crypto assets. This was the third successful hack against the popular DeFi project in the past year.

  • Cream Finance has confirmed it suffered an exploit this Wednesday through a flash loan attack, compromising mostly Cream LP tokens and other ERC-20 coins.
  • Blockchain security firm PeckShield was the first to identify the attack. Data from blockchain explorer Etherscan shows $132 million was stolen from the C.R.E.A.M v1 marketplace on Ethereum, later sent to two different wallets.
  • The flash loan involved 68 different assets and cost around 9 ETH in gas. At press time, the attacker now holds $92 million worth of various tokens on its contract, and $22 million are held by the contract creator’s address.

#FlashLoanAlert https://t.co/XzAvHqoINN

— PeckShield Inc. (@peckshield) October 27, 2021

  • The price of CREAM plunged -27% minutes after the attack, down from $152 to $111, according to data from CoinGecko.
  • This is the third time Cream Finance has suffered a security breach this year alone. As CryptoPotato reported on August 30, the lending protocol was hacked through reentrancy on the AMP token contract, losing an estimated $25 million in AMP coins and ERC-20 tokens.
  • This is not only Cream Finance’s biggest hack – it’s the third-largest in DeFi history, according to some estimations. While Rekt’s leaderboard has not been updated, this hack moves EasyFi’s $59 million exploit to the 4th spot, while Poly Network and Compound remain the leaders of the board.
SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.


Credit: Source link

ShareTweetSendPinShare
Previous Post

How Recognizing Top Employees Can Cure The Quitting Epidemic

Next Post

BIS Imposes New Export Restrictions on Software for Biological Equipment

Related Posts

XRP & Stellar Lumens is the only crypto that is part of ISO 20022
Crypto News

Ripple and VeChain to conquer this futuristic billion-$-market

February 6, 2023
4
FinTech Firm tZERO Announces Exchange Shutdown
Crypto News

FinTech Firm tZERO Announces Exchange Shutdown

February 6, 2023
3
Charlie Munger wants the U.S. to ban cryptocurrencies
Crypto News

Charlie Munger wants the U.S. to ban cryptocurrencies

February 6, 2023
4
Indonesia To Launch National Crypto Exchange in June 2023
Crypto News

Indonesia To Launch National Crypto Exchange in June 2023

February 6, 2023
4
Oxford Student Goes to Prison for Stealing $2.6M Via a Crypto Scam
Crypto News

Oxford Student Goes to Prison for Stealing $2.6M Via a Crypto Scam

February 6, 2023
4
Next Post
BIS Imposes New Export Restrictions on Software for Biological Equipment

BIS Imposes New Export Restrictions on Software for Biological Equipment

Recommended

XRP & Stellar Lumens is the only crypto that is part of ISO 20022

Ripple and VeChain to conquer this futuristic billion-$-market

February 6, 2023
4
Will Shiba Inu’s Shibarium launch on the 14th of February? Lead developer shares updates

Will Shiba Inu’s Shibarium launch on the 14th of February? Lead developer shares updates

February 3, 2023
6
G7 says crypto regulation must be swift and comprehensive

Australian regulators reported concern surrounding FTX – 8 months before its collapse

January 30, 2023
4
Solo Bitcoin Miner with only 10 TH/s beating market giants

Solo Bitcoin Miner with only 10 TH/s beating market giants

January 24, 2023
5
Port Houston Posts Record Volume in 2022 Nearly 4 million TEUs for the Year

Port Houston Posts Record Volume in 2022 Nearly 4 million TEUs for the Year

February 3, 2023
3
Your Trading Edge Magazine

This is an online news portal that aims to share the latest news about trade, finance, crypto and much more. Feel free to get in touch with us!

What’s New Here!

  • Ripple and VeChain to conquer this futuristic billion-$-market
  • FinTech Firm tZERO Announces Exchange Shutdown
  • Charlie Munger wants the U.S. to ban cryptocurrencies

Subscribe Now

Loading
  • Contact
  • Privacy Policy
  • Advertise With Us

© 2021 - ytemagazine.com - All rights reserved!

No Result
View All Result
  • Home
  • Feature
    • Market Commentary
    • Expert Advice
    • Columns
  • Trading
    • Shares and Trading
    • Technical Analysis
    • Trading Mindset
  • Crypto News
  • Finance
  • Subscribe

© 2021 - ytemagazine.com - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?