BitRss.com latest World Crypto News

Search and discover the latest Cryptocurrency updated Stories in Categories

24-7 World Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources

Crema Finance Suspended Withdrawal

Crema Finance Suspended Withdrawal

Key Takeaways: 



Solana-based liquidity protocol, Crema lose $6 million on a recent attack.  The hacker has already liquidated 90% of its reserves. 



On July 3, Crema Finance, the first concentrated liquidity protocol took to Twitter to announce that its protocol has experienced a hack. The team a



said that they were suspending the program and starting to investigate the matter. 



The hack happened four hours before the team noticed and the Solana concentrated protocol lost $6 million. A blockchain auditing firm, OtterSEC investigated and confirmed that the hacker used Solend flash loans to drain the protocol. According to the reports, the attacker initially deployed their on-chain program to use the flash loans. The OtterSEC team said that this hack was one of its kind. 




@Crema_Finance was recently hacked for over $6M. Unlike previous attacks, this hacker used Solend flashloans to drain the pool. We’re working closely with the Crema team to help resolve this issue. In the meantime, we’ll be sharing what we know about the exploit

BitRss.com shares this Contents always with License.

Thank you for Share!

   
Tumblr
LinkedIn
Reddit
VK

WhatsApp
Telegram

Cool to know huh? Read the full Article

Read the full Article:  ⭲ Crema Finance Suspended Withdrawal


Search about Crypto News


BITRSS | CRYPTOCURRENCY WORLD NEWS

The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.


| LEARN MORE ABOUT |

Today Most Popular News



SneakPeek Script
Setup, Upload and Go!