Cream Finance - Recent articles
Loading...
CREAM Team Gives Up Future Payouts Following Hack, But Will They Stay?
C.R.E.A.M Finance team gives up future payouts to compensate exploit victims.
Loading...
CREAM Finance Exploited for $130M in DeFi’s Third-Largest Hack
DeFi lending protocol CREAM Finance has been exploited for over $100M, according to data compiled by security firm Peckshield.
Loading...
CREAM Finance Attack Leads to $23 Million Loss in AMP and ETH
New token standards introduce complexity that DeFi applications are still learning how to grapple with. Prime example: Money market CREAM Finance was hit with a reentrancy attack on Aug. 30 that allowed attackers to drain $22.8 million in Flexa’s AMP token and $4.2 million worth of ETH (based on market prices in mid-morning trading Monday).…
Loading...
C.R.E.A.M. is Bringing Tether’s Euro-Pegged Stablecoin to DeFi
The competition to bring euro stablecoins to DeFi is heating up. Lending protocol C.R.E.A.M. Finance said it will make EURt, Tether’s euro-pegged stablecoin, available in its money markets to borrow and lend. At $62.28B according to its transparency page, Tether issues the largest supply of dollar-pegged stablecoins, USDT, and is looking to reproduce its success…
Loading...
C.R.E.A.M. Finance Unveils Cross-Protocol Flash Loans
DeFi lending protocol C.R.E.A.M. Finance is launching a protocol-to-protocol flash loan product through its Iron Bank, with the aim to increase capital efficiency and expand the scope of decentralized finance. DeFi protocols will now be able to take out flash loans ––uncollateralized loans that need to be repaid at the same block that they are…
Loading...
Pancakeswap, Cream Finance, Suffer DNS Attacks
Hackers compromised PancakeSwap’s and Cream Finance’s websites yesterday. The Domain Name Service (DNS) attack modified the affected protocols’ website to display a request for the user’s seed phrase, which, if submitted, would compromise their entire account. PancakeSwap and Cream urged their users to stay away from their URLs as they scrambled to regain control of…
Loading...
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…
Loading...
Cream Finance Crosses $300M in Deposits
What happens when you fork Compound and add lending pools for DeFi’s most degen assets? You get Cream Finance. In under a month since launch, Cream has aggregated more than $300M in TVL, according to DeFi Pulse, largely thanks to CREAM liquidity mining rewards. Image source: DeFi Pulse What started as a lending protocol for…