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Detail Analysis

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Date:

Status:

Count:

Contributor:

October 27, 2021

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Verified

2

zerofriction.io

Loss Amount:

130,000,000

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Recovered Amount:

-

Currency:

Dollars, ETH, FEI, DPI, USDC, HBTC, BUSD, WBTC, AAVE, RenBTC, Bal, COMP and many others

KYC By:

Audit By:

None

None

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Website:

Twitter:

No data

Discord:

No data

Telegram:

No data

Medium:

No data

Github:

No data

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Key Indicators

Platform:

Type:

Category:

Method:

Multi-Chain

Protocol

Lending

Flash Loans

Extended Method:

Flash loan attack

Data Sources:

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Is a decentralized peer-to-peer (P2P) DeFi platform that provides lending, borrowing, swap, payment and tokenization services for digital assets. According to The Block report, Cream Finance, the DeFi lending agreement, was attacked and lost approximately US$130 million. The stolen funds were mainly Cream LP tokens and other ERC-20 tokens. It is reported that this is the third largest DeFi hacking in history (although the two larger hacking incidents have funds returned), in addition, Cream Finance has suffered multiple lightning loan attacks before, and lost 37.5 million US dollars in February. Another $19 million was lost.

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DISCLAIMER: While Zero Friction LLC has used the best efforts in aggregating and maintaining this database, Zero Friction LLC makes no representations or warranties with respect to the accuracy or completeness, and specifically disclaim any implied warranties of merchantability or fitness for any particular purpose. 

Under no circumstances, shall Zero Friction LLC be liable for any loss of profit or funds, any regulatory or governmental penalties, any legal costs, or any other commercial and non-commercial damages, including but not limited to special, incidental, consequential, or other damages from any or all usage of the dataset or information derived from our database.