{"id":67059,"date":"2022-09-13T10:44:31","date_gmt":"2022-09-13T07:44:31","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=67059"},"modified":"2025-09-07T04:40:02","modified_gmt":"2025-09-07T01:40:02","slug":"cream-finance-hacker-converts-stolen-1-75-million-into-bitcoins","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/cream-finance-hacker-converts-stolen-1-75-million-into-bitcoins\/","title":{"rendered":"Cream Finance hacker converts stolen $1.75 million into bitcoins"},"content":{"rendered":"<p>The hacker behind one of the Cream Finance DeFi protocol hacks moved the stolen funds worth $1.75 million. MistTrack platform drew attention to this.<\/p>\n<figure class=\\\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\\\">\n<div class=\\\"wp-block-embed__wrapper\\\">\n<blockquote class=\\\"twitter-tweet\\\" data-width=\\\"500\\\" data-dnt=\\\"true\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">\ud83d\udce2Cream Finance Flashloan Exploiter 2 Update<\/p>\n<p>Hacker(0x9\u2026253) swapped the remaining funds for 80 <a href=\\\"https:\/\/twitter.com\/search?q=%24renBTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\\\">$renBTC<\/a>(~$1.75M) and bridge it to bc1qnjstca5gzja3ay9ktyf2qsa7jr4lf0cn8hkfhd on the <a href=\\\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Bitcoin<\/a> network. <\/p>\n<p>So far over 607 BTC was bridged from this address to the bitcoin network. <a href=\\\"https:\/\/t.co\/93KbeQmlS7\\\">pic.twitter.com\/93KbeQmlS7<\/a><\/p>\n<p>\u2014 MistTrack\ud83d\udd75\ufe0f (@MistTrack_io) <a href=\\\"https:\/\/twitter.com\/MistTrack_io\/status\/1569141994185756672?ref_src=twsrc%5Etfw\\\">September 12, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script>\n<\/div>\n<\/figure>\n<p>The hacker swapped 1,000 ETH for 80 renBTC, after which he converted them into bitcoins.<\/p>\n<p>In July, this address moved part of the stolen assets into more than 300 renBTC using the Ren Gateway bridge.<\/p>\n<p>In total the wallet owner moved 607 BTC belonging to Cream Finance users.<\/p>\n<p>In 2021, the DeFi protocol was hacked three times. In February, an unknown attacker exploited a vulnerability in Iron Bank (Cream Finance&#8217;s second version) and <a href=\"https:\/\/forklog.com\/en\/news\/hacker-drains-37-5-million-from-cream-finance-defi-protocol\">withdrew tokens worth $37.5 million<\/a>.<\/p>\n<p>In August, the project <a href=\"https:\/\/forklog.com\/en\/news\/hackers-drain-more-than-18m-from-cream-finance-defi-protocol\">was attacked<\/a> using <a href=\"https:\/\/forklog.com\/en\/news\/what-are-flash-loans\">an instant loan<\/a>. The losses amounted to 462 079 976 AMP and 2804 ETH (more than $18 million).<\/p>\n<p>On September 8, the hacker <a href=\"https:\/\/forklog.com\/en\/news\/cream-finance-defi-protocol-hacker-returns-17-6-million\">moved most of the stolen amount<\/a> totaling 5152.6 ETH to the project&#8217;s multisig wallet.<\/p>\n<p>In October, the protocol developers confirmed that they <a href=\"https:\/\/forklog.com\/en\/news\/cream-finance-reports-recovery-of-5152-6-eth-after-hack-hacker-received-10-of-the-stolen-funds\">had managed to return 5152.6 ETH<\/a>. The hacker was allowed to keep 10% of the stolen funds \u2013 about 515 ETH as a bounty for discovering the flaw.<\/p>\n<p>In the same month, an unknown <a href=\"https:\/\/forklog.com\/en\/news\/cream-finance-defi-protocol-hacked-again\">withdrew $130 million<\/a> from Cream Finance. To do this, he used an instant loan as part of a complex transaction.<\/p>\n<p>Follow ForkLog&#8217;s bitcoin news on our Telegram \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The hacker behind one of the Cream Finance DeFi protocol hacks moved the stolen funds worth $1.75 million.<\/p>\n","protected":false},"author":1,"featured_media":67060,"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],"class_list":["post-67059","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cream-finance","tag-crimes","tag-defi"],"aioseo_notices":[],"amp_enabled":true,"views":"34","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/67059","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=67059"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/67059\/revisions"}],"predecessor-version":[{"id":67061,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/67059\/revisions\/67061"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/67060"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=67059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=67059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=67059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}