Cream Finance Flash Loan Attack: $2.30M Reported Loss
The mortgage lending platform Cream Finance had a flash loan attack.
- Reported loss
- $ 2,300,000
- Attack category
- Flash loan attack
Incident Overview
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.
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.