Cryptocurrencies
DeFi Protocol Cream Finance Loses $130 Million in Latest Crypto Hack
- Cream suffers another major flash loan attack in 2021
- Ethereum-based lending protocol is looking into incident
Source: app.cream.finance
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DeFi protocol Cream Finance suffered yet another hack this year after an exploit stole at least $130 million in what could be one of the largest thefts in decentralized finance.
The attack on the Ethereum-based lending protocol was first reported by The Block Crypto, which cited a tweet by PeckShield Inc. highlighting a large flash-loan transaction that carried out the theft.