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The exploit involved the attacker creating a fake tick account on Crema. A tick account is "a dedicated account that stores price tick data in CLMM,” the developers said, referring to Crema's market-making protocol. After that, the attacker exploited a command by writing the data on the fake account and
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Following the hack on July 2, 2022, the team behind the decentralized finance (defi) protocol Crema Finance detailed that after some negotiation, the hacker returned roughly $8 million in crypto assets. According to the team, the hacker agreed to take a white hat bounty worth 45,455 solana. Hacker Returns $8 Million
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The attacker started by creating a fake tick account. A tick account is "a dedicated account that stores price tick data in CLMM,” the developers said, referring to Crema's market making protocol. After that, the attacker exploited a command by writing the data on the fake account and circumventing security
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According to the decentralized finance (defi) protocol Crema Finance, the application was hacked on July 2, 2022. A Twitter account called “Solanafm” says the defi protocol lost around $8.7 million from the attack. Crema Finance Vulnerability Causes Defi App to Lose Millions — 6 Flashloans Executed Another defi protocol has lost
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Crema Finance, a concentrated liquidity protocol over the Solana blockchain, announced the temporary suspension of its services owing to a successful exploit that has drained a substantial but undisclosed amount of funds.Soon after realizing the hack on its protocol, Crema Finance suspended the liquidity services to refrain the hacker from
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