DeFi Protocol Cream Finance Says It’s Investigating $130 Million Exploit

Decentralized finance protocol Cream Finance has been drained of over $130 million worth of tokens in the aftermath of a massive flash loan attack.

The hacker is now busy shuffling the stolen funds between several wallets with the help of coin mixers.   

The Taipei-based lending platform has already acknowledged the incident on Twitter, claiming that it will share updates with its users as soon as possible.   

We are investigating an exploit on C.R.E.A.M. v1 on Ethereum and will share updates as soon as they are available.

— Cream Finance 🍦 (@CreamdotFinance) October 27, 2021

Cream Finance has already suffered several costly attacks to date, but the latest one is the third-biggest hack in DeFi.   

Virtually all of the protocol’s Ethereum funds have now been lost to the attacker.