WebAug 5, 2024 · The attack was targeting Cream Finance, an entity that describes itself as a “decentralized lending protocol for individuals”. The attack exploited a vulnerability that … WebJan 17, 2024 · In October 2024 it was reported that Cream Finance was hacked for $130 million. Hackers were able to exploit Cream Finance’s flash loan system to steal all the platform Ethereum-based tokens. 65 Earlier in the same year, Cream Finance had experienced two other hacks, making this the third hack in 2024.
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WebAug 5, 2024 · Cream Finance, a decentralized finance (DeFI) platform, recently reported that its cryptocurrency wallet has been hacked. Hackers claimed to have stolen over $29 million in cryptocurrency assets!In a tweet earlier today, the company confirmed the hack, stating the extent of damage and the stolen amount. The tweet came an hour after PeckShield, a … WebCream Finance is the latest decentralized finance (DeFi) platform for cryptocurrency trading to take a major financial hit at the hands of hackers, losing nearly $19 million in an attack this week on its “flash loan” feature.The attacker was able to steal nearly $29 million before being discovered, 418,311,571 in Amp Coin and 1,308.09 in how important are small business to economy
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WebDec 11, 2024 · However, here are five of the most popular DeFi lending platforms in the industry. 1. CREAM Finance. History: Launched on the Ethereum blockchain in August of 2024, CREAM Finance is one of the newer DeFi lending platforms in the space. The platform was founded by Jeffrey Huang, who refers to himself as the “Semi-benevolent dictator of … Web1 hour ago · The Cream Of The Crop: 5 Biotech Stocks That Outrank Most Stocks The top five biotech stocks today have several commonalities: strong ratings. Some also show … WebSep 24, 2024 · The biggest difference between Cream Finance Swap and other AMMs is lower fees. Cream Finance Swap only charges a 0.25% trading fee while the unofficial industry standard is 0.3%. 0.20% of these fees go to liquidity providers (the users depositing their funds into the pools in the previous section). high happy face png