So far, Crema has blacklisted the attacker's Solana and Ethereum addresses.
“To the Crema hacker: Your address on both Solana and Ethereum have been blacklisted and all eyes are on you right now. You have 72h from now to consider becoming a white hat and keeping $800k as a bounty. And transfer remaining funds back to our contract-update-authority address.”
If the attacker refuses the offer, Crema revealed that it would take the legal route. With the funds located, the platform said it will continue to keep tracking its movements. Before the time window is closed, the team will also be open to communication with the hacker. It is currently working on technical fixing alongside tracing the funds. Crema will resume the contract after the completion of the investigation, and a “resolvement plan” is made.The attacks on DeFi have been rampant since the sector’s boom in 2020, with North Koreathe world in such crime.
Millions of dollars are believed to have been stolen by the state-funded hacking group, which is then reportedly poured into the national defense budget, such as funding missile or nuclear trials. Currently, DPRK’s vast cyber program is targetting Web 3 and DeFi as per many US government agencies.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crema Finance shuts liquidity protocol on Solana amid hack investigationWhile awaiting Crema Finance’s report on the situation, the Crypto Twitter community took it to themselves to track down the hacker’s wallet and better understand the problem.
Read more »
Crema Finance suspends liquidity protocol on Solana amid probe of hackCrema Finance temporarily suspended services this morning because of a hack that drained an undisclosed amount of funds.
Read more »
Exploit Forces Crema Finance to Temporarily Suspend Services, $8.7 Million Stolen – Bitcoin NewsAnother defi protocol has lost funds to a hacker as Solana's Crema Finance disclosed it was attacked on Saturday, July 2, 2022.
Read more »
Crema Finance Suspends Liquidity Services After Hacking IncidentSolana-based Crema Finance has been drained of $6 million following a hack
Read more »
Crema Finance Suspends Liquidity Services After Hacking IncidentSolana-based Crema Finance has been drained of $6 million following a hack
Read more »
Crema Finance shuts liquidity protocol on Solana amid hack investigationWhile awaiting Crema Finance’s report on the situation, the Crypto Twitter community took it to themselves to track down the hacker’s wallet and better understand the problem.
Read more »