E Point Perfect

Crema Finance Suspends Liquidity Services After Hacking Incident

article image

Alex Dovbnya

Solana-based Crema Finance has been drained of $6 million following a hack

Crema Finance, a Solana-based blockchain protocol, has halted its services after experiencing a $6 million hack, according to a Twitter tweet.

According to data provided by independent security research firm OtterSec, the attack was carried out with the help of Solend flashloans.

The address that allegedly belongs to the hacker has been blacklisted, offering the bad actor an $800,000 bounty. Whoever hijacked the protocol has 72 hours to come forward in order to become a white hat.

Otherwise, Crema Finance threatens to contact law enforcement officials and start an official investigation in order to identify the hacker. 

Last month, the protocol successfully closed a $5.4 million funding round.

Source link

Related posts

$2.5 Million in Top-Traded MATIC Token Acquired by These Two Whales

Ethereum Whales Still Hold a Lot of SHIB Despite Cutting Positions: Details

LUNC, USTC Deposits and Withdrawals on Binance to See New Changes: Details

BingX Exchange Removes Fees for Spot Trading

September 13 Is Crucial Date for Cryptocurrency Market and Not Only Because of Ethereum Merge

DOGE and SHIB Price Analysis for August 28