Flash loan attack
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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