Security Incident
Alpha Finance/Cream Finance Flash Loan Attack: $37.50M Reported Loss
The attacker uses Lightning Loan to Alpha Finance for leveraged lending, and uses Alpha Finance’s own Cream IronBank quota to return the Lightning Loan.
- Reported loss
- $ 37,500,000
- Attack category
- Flash loan attack
Incident Overview
In this process, the attacker obtains a large amount of cySUSD by adding liquidity to Cream, allowing the attacker to use it. These cySUSD are further borrowed in Cream Finance. Due to problems with Alpha Finance, both agreements suffered losses at the same time.
Sources & References
This record presents information attributed to the linked sources. Incident dates describe the original event, not a new report. Reported loss figures reflect the source record and are not current market valuations.