Three weeks after the hack, the developers of the decentralised protocol Cream Finance confirmed that the project had recovered 5,152.6 ETH (about $16.7 million at the time of writing), identifying the hacker with the help of the community.
Following the exploit on 31st August, we fully committed ourselves to retrieving the stolen funds for our community.
We would like to confirm that 5,152.6E was recovered.
— Cream Finance 🍦 (@CreamdotFinance) October 1, 2021
Following the exploit on August 31, we fully committed ourselves to returning the stolen funds to our community. We would like to confirm that 5,152.6 ETH has been recovered,” they said.
On August 30, the DeFi protocol Cream Finance was subjected to an attack using an instant loan. The damage amounted to 462,079,976 AMP and 2,804 ETH (more than $18 million).
Two security researchers operating under the handles losslessdefi and pcaversaccio helped Cream Finance trace and identify the hacker. As part of the ongoing bounty programme they received the equivalent of 50% of the stolen amount – 2,576.3 ETH ($8.3 million).
To ensure full restitution, project representatives allowed the hacker to keep 10% of the stolen funds – about 515 ETH (around $1.6 million) as a reward for the discovered bug.
On September 8, the hacker transferred to the мультисиг-кошелек Cream Finance большую часть похищенной суммы в размере 5152,6 ETH.
Subscribe to ForkLog news on Telegram: ForkLog Feed — all the latest news, ForkLog — the most important news, infographics and opinions.