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CREAM and Alpha Finance Get Hacked for $37.5M

DeFi experienced one of its more complex exploits over the weekend. An attack which resulted in ~$37.5M drained from CREAM Finance’s Iron Bank using Alpha Homora’s leveraged debt. An attacker was able to use Alpha’s sUSD contracts which had not yet been released to the public or made available in the UI to act as…
By: Cooper Turley •
CREAM and Alpha Finance Get Hacked for $37.5M

DeFi experienced one of its more complex exploits over the weekend. An attack which resulted in ~$37.5M drained from CREAM Finance’s Iron Bank using Alpha Homora’s leveraged debt. An attacker was able to use Alpha’s sUSD contracts which had not yet been released to the public or made available in the UI to act as…

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CREAM and Alpha Finance Get Hacked for $37.5M | The Defiant