Cream Finance Hacked for the Second Time

Cream Finance has been hacked for the second time. It was stated that $ 26 million worth of cryptocurrencies were stolen from the platform.

In the official statement made by Cream Finance, it was reported that the attack caused the loss of 418 million AMP and 1,300 ETH. The total value of these cryptocurrencies is equivalent to $26 million at current prices. After the attack, there was a 15% drop in AMP and a 6% drop in CREAM.

Hacked For The Second Time This Year

As it is known, one of the weakest points of decentralized finance is “flash credit” attacks. Especially last year, there were many "flash credit" attacks, from BurgerSwap to Harvest Finance and Pancake Bunny. Cream Finance was also exposed to a flash credit attack in February and $37.5 million worth of cryptocurrency was stolen.

BSC Made Statement

Binance Smart Chain, one of the platforms where attacks like this occur the most, published a statement on the subject in May and stated that the attacks on the protocols on its platform were organized and told the developers to work with audit companies.