DeFi protocol CremaFinance exploited for $8.7 million
CremaFinance, a liquidity protocol on Solana, was exploited for over $8.7 million this weekend, the platform confirmed on Monday.
The hack follows an exploit in the decentralized finance platform’s tick account, Crema said in an update.
Once they managed to create the fake account, the attacker was able to “circumvent” a routine security check, leading to the withdrawal of millions of dollars in crypto.
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