πŸ’Έ Hackers Steal $130 Million From Cream Finance

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    πŸ’Έ Hackers Steal $130 Million From Cream Finance

    Hey Blockster,

    The cryptocurrency industry has been highly targeted by cybercriminals. 

     

    However, as digital asset exchanges introduced more rigorous KYC and AML checks as well as enhanced security measures, malicious parties have found their newest targets in decentralized finance (DeFi) protocols.

     

    In a new wave of DeFi hacks, the latest platform to fall victim to hackers is the lending and borrowing provider Cream Finance.

    According to blockchain data – that was confirmed by the platform itself – Cream Finance suffered over $130 million loss in Cream LP tokens and ERC-20 coins. While the protocol already identified the exposed vulnerabilities and patched them, this is the third instance it had fallen victim to a major attack.

     

    Interestingly, in addition to stealing the funds, the hacker left a bizarre message in a transaction.

     

    To learn what the message was as well as the other details of the story, we highly recommend checking out the following article on Blockdesk.

    Ready to read more stories from the ever-exciting cryptocurrency market? Look no further; you can find our newest collection of Blockdesk articles below:

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    Elon Musk-Inspired Meme Coin Aggressively Advertised In London – In addition to DOGE and SHIB, there's a third memecoin on the market competing with dog-themed digital assets called Floki Inu, which is inspired by Elon Musk's pet. Now, it seems that the team behind the cryptocurrency is aggressively advertising its project to London's citizens.

    ICP Subject To Rug Pull Allegations - Is It A Scam? – Internet Computer (ICP) is a rather new project within the industry. Despite its lack of extensive market experience, ICP managed to enter into a massive rally in May just to crash from $2,800 to $66. With a 95% fall, many wonder whether the coin has been subject to a rug pull.

    Twitter Allows Crypto Payments On Twitter - But Where Is Ethereum? – Earlier on, Twitter introduced cryptocurrency tips on its platform in a surprise move. However, the feature at the moment only supports Bitcoin (BTC). The question now is: where is Ethereum (ETH), along with other top digital assets?

    Hope you enjoyed the cryptocurrency stories we have collected for you today. Be sure to check back tomorrow, as we will arrive with a new batch to get you up-to-date with the industry's latest news.

    Cheers,
    The Blockster Team
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