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 AttackerBountyCremaFinanceReturns Read More
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 BitcoinCremacryptoexchangeDeFiETHExchangesFinanceHackerMillionNegotiatesNewsProjectsReturnsSOLTeam Read More
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 88MCremaDeFiExploitLosesProtocolSolana Read More
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 BitcoinCremaExploitFinanceForcesMillionNewsServicesStolenSuspendTemporarily Read More
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 CremaFinanceHackinvestigationLiquidityProtocolShutsSolana Read More