Ethereum defi protocol Cream Finance suffered an exploit yesterday that allowed attackers to steal $130 million from its holdings. The news was first revealed by Peckshield, a blockchain analytics company that discovered a flash loan had exploited the platform. This is the third hack the protocol has suffered in its history, being exploited for $36 and $29 million before, respectively.
Cream Finance Hacked Yet Again
Cream Finance, an Ethereum-based lending and borrowing protocol, suffered an exploit that allowed the hackers to steal $130 million worth of ether and ERC-20 tokens. According to Slowmist, a blockchain security organization, the attack netted 2,760.22 ether and 60 tokens including HBTC, USDT, BUSD, and others. The attack was perpetrated in the form of a series of flash loans in a very unorthodox way, which has led some to think the hacker was an experienced defi developer.
Another blockchain security firm, Peckshield, broke the news, linking to the flash loan that caused
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