An attacker behind one of CreamdotFinance’s several exploits converted some $1.3 million in stolen funds on Monday. By shauryamalwa
An attacker behind one of Cream Finance’s several exploits converted roughly $1.75 million in stolen funds on Monday, blockchain data shows. The address has now moved 607 bitcoins in stolen funds so far since the exploits.the attack swapped more than 1,000 ethers to 80 renBTC, a representation of bitcoin on Ethereum, in the early hours of Monday. The attacker then converted the 80 renBTC to actual bitcoin.over several days in July.
in the price of its native CREAM token. That attack was one of the first “flash loan” exploits in the crypto sector. It involved 68 different assets and cost over nine ethers in gas, or transactions fees. Flash loans are a popular way for attackers to gain funds to conduct exploits on decentralized finance systems. Such loans allow traders to borrow unsecured funds from lenders using smart contracts instead of third parties.
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