Crema Finance Hacker Takes USD 1.7M in Bounty, Returns USD 8M

by Ryan Bubinski
7 ways to make with crypto

 Crema Finance Hacker Takes USD 1.7M in Bounty, Returns USD 8M

The hacker who exploited Crema Finance, a concentrated liquidity protocol built on the Solana (SOL) blockchain, has reached a compromise with the decentralized finance (DeFi) protocol to return the majority of stolen funds while keeping some as compensation.

The team announced today that “after a long negotiation,” the hacker returned ETH 6,064 (USD 7.19m) and SOL 23,967.9 (USD 892,565), while keeping the remaining SOL 45,455 (USD 1.69m) as “the white hat bounty”.

As reported, the Solana-powered project lost around USD 9m worth of crypto assets in a flash loan attack over the weekend.

At the time, the protocol shared the addresses linked to the hacker and claimed that they would be tracking the movement of stolen funds.

“More and more relevant organizations are providing valuable clues for us. Also, we’re still open to a communication with the hacker before the time window is closed,” the project said back then.

7 ways to make money in crypto

You may also like

Leave a Comment

The latest news about crypto industry at Coingraph. Most recent news about bitcoin, altcoin, blockchain, mining, cryptocurrency prices and more.


Email: [email protected]

© 2022 – All rights reserved.