WebCream Finance is the latest decentralized finance (DeFi) platform for cryptocurrency trading to take a major financial hit at the hands of hackers, losing nearly $19 million in an attack this week on its “flash loan” feature.The attacker was able to steal nearly $29 million before being discovered, 418,311,571 in Amp Coin and 1,308.09 in WebOct 27, 2024 · Secure Your Seat. Decentralized finance (DeFi) money market and lending service C.R.E.A.M. Finance appears to have been the target of a devastating exploit Wednesday morning that drained over $260 ...
Hackers Steal $29 Million From Crypto-Platform “Cream Finance”
WebCrypto Platform 'Cream Finance' Attacked, Over $30 Million in Tokens Stolen Image A new cryptocurrency platform attack has cast a shadow over the notion of crypto as a whole being extremely secure. The attack was targeting Cream Finance, an entity that describes itself as a "decentralized lending protocol for individuals". WebAug 5, 2024 · DeFi lending protocol, CREAM Finance is introducing protocol-to-protocol flash loans through Iron Bank.There’s a reason decentralized finance (DeFi) is one of the hottest phenomena in the crypto sphere. It presents a myriad of seemingly endless opportunities that make up this new frontier in finance. shy if daughter started in deft performance
Steal cryptoplatform cream finance - imarketingdictionary.com
WebAug 30, 2024 · An anonymous reader quotes a report from The Record, written by Catalin Cimpanu: Hackers are estimated to have stolen more than $29 million in cryptocurrency assets from Cream Finance, a decentralized finance (DeFi) platform that allows users to loan and speculate on cryptocurrency price variations.... WebSep 24, 2024 · The biggest difference between Cream Finance Swap and other AMMs is lower fees. Cream Finance Swap only charges a 0.25% trading fee while the unofficial industry standard is 0.3%. 0.20% of these fees go to liquidity providers (the users depositing their funds into the pools in the previous section). WebApr 13, 2024 · Telcoin, which happens to be an absolute top-of-the-line Web3 platform linking conventional fintech with decentralized finance (DeFi), has successfully delivered digital asset trades in the European Union. According to their plans, they have begun in Lithuania and will slowly cover the remaining territory within a short period of time. the paving expert