Flash

Cream Finance exploited in $18.8 million flash loan attack

Cream Finance exploited in $18.8 million flash loan attack

Decentralized finance (DeFi) lending protocol Cream Finance suffered an exploit Monday when a hacker utilized a weakness in the $AMP token contract to level a flash loan attack — resulting in $18.8 million stolen. The protocol notified the community this morning that 418,311,571 in AMP and 1,308.09 ETH were lost in the attack. For the …

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