Cream Finance exploiter strikes almost $500k

by Jeremy

The exploiter behind a previous assault on Cream Finance has transferred almost half 1,000,000 in funds, safety agency CertiK mentioned on June 26.

Exploiter moved $496,000 of ETH

CertiK reported that the exploiter despatched roughly 268 ETH ($496,000) to a separate Ethereum tackle. The switch passed off on June 26 at 5:33 p.m. UTC.

The transacted funds signify only a small portion of the exploiting tackle’ general steadiness. CertiK mentioned that the exploiting tackle nonetheless holds 2,700 ETH ($5.1 million) and greater than $6 million in different Ethereum-based tokens.

Etherscan data establish the sending tackle as “Cream Finance Flash Mortgage Exploiter 3,” which obtained funds after the DeFi platform was hacked in October 2021. At the moment, the exploiter managed to steal $130 million of cryptocurrency.

Although the sending tackle is explicitly linked to the exploit, neither Etherscan nor CertiK labeled the receiving tackle as belonging to the exploiter. The receiving tackle has however obtained different deposits from Cream Finance.

Unclear whether or not attacker is cashing out

Additionally it is unclear whether or not the transaction represents an try to money out funds by means of an change, because the receiving tackle has not transacted since receiving the funds.

The exploiter has additionally moved funds at different factors — most notably in January 2023, once they transferred $3.3 million over a matter of weeks. The reporter moved these funds by means of a centralized cryptocurrency change.

 

The publish Cream Finance exploiter strikes almost $500k appeared first on CryptoSlate.



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