C.R.E.A.M. Finance is a decentralized lending protocol for individuals, institutions and protocols to access financial services. It promises earnings to users who are passively holding ETH or wBTC. Threat actors have stolen $130 million worth of cryptocurrency assets from the decentralized finance (DeFi) platform. The attack was also confirmed by the company.
According to the experts, the attackers have likely exploited a vulnerability in the platform’s flash loan feature, then transferred the stolen funds to a wallet under their control before splitting them through other wallets. Cream Finance has quickly addressed the flaw.
