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The DeFi Cream Finance project has fallen victim to a quick loan attack.
The Cream Finance service reported that it was subjected to a hacker attack, as a result of which the criminal stole 418 million Flexa Network (AMP) tokens and 1,308 ETH for a total of over $ 18 million. The developers said that they managed to prevent more serious losses, as they promptly took action ...
PeckShield analysts explained that the hacker managed to get a quick loan of 500 ETH. He used it to uncover the capabilities of a "re-entry error" vulnerability found in the Ampleforth smart contract. In total, 17 transactions were carried out, as a result of each of which the attacker received additional tokens.
Representatives of the DeFi protocol have not yet commented on the incident.
In February, Cream Finance was already undergoing a similar attack. Then the hacker took advantage of a vulnerability in the Iron Bank protocol (the second version of the Cream Finance project) and withdrew tokens totaling $ 37.5 million.
The Cream Finance service reported that it was subjected to a hacker attack, as a result of which the criminal stole 418 million Flexa Network (AMP) tokens and 1,308 ETH for a total of over $ 18 million. The developers said that they managed to prevent more serious losses, as they promptly took action ...
PeckShield analysts explained that the hacker managed to get a quick loan of 500 ETH. He used it to uncover the capabilities of a "re-entry error" vulnerability found in the Ampleforth smart contract. In total, 17 transactions were carried out, as a result of each of which the attacker received additional tokens.
Representatives of the DeFi protocol have not yet commented on the incident.
In February, Cream Finance was already undergoing a similar attack. Then the hacker took advantage of a vulnerability in the Iron Bank protocol (the second version of the Cream Finance project) and withdrew tokens totaling $ 37.5 million.
