{"id":48694,"date":"2021-09-01T14:48:39","date_gmt":"2021-09-01T11:48:39","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=48694"},"modified":"2025-09-02T08:43:19","modified_gmt":"2025-09-02T05:43:19","slug":"hacked-defi-protocol-cream-finance-to-reimburse-18-million-in-damages","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/hacked-defi-protocol-cream-finance-to-reimburse-18-million-in-damages\/","title":{"rendered":"Hacked DeFi Protocol Cream Finance to Reimburse $18 Million in Damages"},"content":{"rendered":"<p>The developers of the decentralized Cream Finance protocol <a href=\"https:\/\/medium.com\/cream-finance\/c-r-e-a-m-finance-post-mortem-amp-exploit-6ceb20a630c5\" target=\"_blank\" rel=\"noopener\">\u0432\u043e\u0437\u043c\u0435\u0441\u0442\u044f\u0442<\/a> \u043f\u043e\u0441\u0442\u0440\u0430\u0434\u0430\u0432\u0448\u0438\u043c \u043f\u043e\u043b\u044c\u0437\u043e\u0432\u0430\u0442\u0435\u043b\u044f\u043c \u043f\u043e\u0442\u0435\u0440\u0438 \u0432 \u0440\u0435\u0437\u0443\u043b\u044c\u0442\u0430\u0442\u0435 \u043d\u0435\u0434\u0430\u0432\u043d\u0435\u0439 \u0430\u0442\u0430\u043a\u0438 \u0441 \u0438\u0441\u043f\u043e\u043b\u044c\u0437\u043e\u0432\u0430\u043d\u0438\u0435\u043c \u043c\u0433\u043d\u043e\u0432\u0435\u043d\u043d\u044b\u0445 \u0437\u0430\u0439\u043c\u043e\u0432.<\/p>\n<p>The project will earmark 20% of fees for this purpose until the full amount is repaid. The developers are also prepared to pay 10% of the stolen funds to the hacker if he returns the funds.<\/p>\n<p>According to the latest calculations, Cream Finance&#8217;s losses amounted to 462,079,976 AMP and 2,804 ETH \u2014 more than $18 million.<\/p>\n<blockquote>\n<p>&#8220;We identified the <a href=\"https:\/\/etherscan.io\/tx\/0x0016745693d68d734faa408b94cdf2d6c95f511b50f47b03909dc599c1dd9ff6\">\u043e\u0441\u043d\u043e\u0432\u043d\u043e\u0439 \u044d\u043a\u0441\u043f\u043b\u043e\u0439\u0442<\/a> \u0438 \u0435\u0433\u043e <a href=\"https:\/\/etherscan.io\/tx\/0xc90468d698700757f33543039c7cb10d4ca49d57b5417789e7656e73019de674\">\u043c\u0435\u043d\u044c\u0448\u0443\u044e \u043a\u043e\u043f\u0438\u044e<\/a>. The address of the second imitator-exploit has a withdrawal history to Binance. We are cooperating with the exchange to identify the second attacker. This information will be forwarded to law enforcement authorities,&#8221; said project representatives.<\/p>\n<\/blockquote>\n<p>Trading of the AMP token has been suspended until the identified bug is fixed.<\/p>\n<p>On 30 August, two hackers exploited the <a href=\"https:\/\/forklog.com\/en\/news\/hackers-drain-more-than-18m-from-cream-finance-defi-protocol\">bug in the Flexa Network smart contract<\/a>. They conducted 17 transactions, resulting in additional token flash loans.<\/p>\n<blockquote class=\"wp-embedded-content\" data-secret=\"KrWmUzFNA7\">\n<p><a href=\"https:\/\/forklog.com\/en\/news\/what-are-flash-loans\">What are Flash Loans (\u043c\u0433\u043d\u043e\u0432\u0435\u043d\u043d\u044b\u0435 \u0437\u0430\u0439\u043c\u044b)?<\/a><\/p>\n<\/blockquote>\n<p><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u201cWhat are Flash Loans (\u043c\u0433\u043d\u043e\u0432\u0435\u043d\u043d\u044b\u0435 \u0437\u0430\u0439\u043c\u044b)?\u201d \u2014 ForkLog\" src=\"https:\/\/forklog.com\/cryptorium\/chto-takoe-flash-loans-mgnovennye-zajmy\/embed#?secret=V4c1PzoRzg#?secret=KrWmUzFNA7\" data-secret=\"KrWmUzFNA7\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<p>In 2021 this was Cream Finance&#8217;s second hacker attack. In February, criminals exploited a bug in the Alpha Finance smart contract and <a href=\"https:\/\/forklog.com\/en\/news\/hacker-drains-37-5-million-from-cream-finance-defi-protocol\">stole tokens worth $37.5 million<\/a>.<\/p>\n<p>Subscribe to ForkLog&#8217;s YouTube channel at <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener\"> YouTube<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The developers of the decentralized Cream Finance protocol will reimburse affected users for losses resulting from the recent flash loan attack.<\/p>\n","protected":false},"author":1,"featured_media":48695,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[2101,1154,1093,1424],"class_list":["post-48694","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cream-finance","tag-crimes","tag-defi","tag-protocols"],"aioseo_notices":[],"amp_enabled":true,"views":"27","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/48694","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=48694"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/48694\/revisions"}],"predecessor-version":[{"id":48696,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/48694\/revisions\/48696"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/48695"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=48694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=48694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=48694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}