• Cream Finance reports recovering $16 million of the stolen funds a month later

  • Cream Finance has reported that it has recovered more than $16 million of funds, roughly a month after being exploited for the second time this year.

    Cream Finance, a decentralized finance protocol, suffered another security breach on August 31st, according to ULTCOIN365, with roughly $25 million in ETH and AMP stolen.

    At the time, the project’s team promised to look into the matter and provide regular updates.

    Cream announced a positive outcome, at least for a large portion of the stolen funds, about a month after the incident.

    The team claimed that its complete dedication to recovering the funds resulted in the recovery of over 5,150 ETH. This sum is worth more than $16 million at today’s prices. Despite this, there are still a few million left.

    Cream went on to say that those who helped recover the funds were eligible for a 50 percent reward. In addition, the DeFi protocol has honored its traditional 10% bug bounty, allowing the hacker to keep 10% of the funds stolen.

    What's your reaction?
    Happy0
    Lol0
    Wow0
    Wtf0
    Sad0
    Angry0
    Rip0