Cream Finance’s DeFi platform suffers a $19 million loss as a result of a flash loan hack
Using a reentrancy issue in the AMP token, the Cream Finance hacker was able to profit by $18.8 million over the course of 17 transactions. In a huge exploit, Cream Finance , a major decentralized finance (DeFi) protocol focusing on lending, was targeted by a hacker who stole approximately $19 million from the platform’s cryptocurrency. […]