CremaFinance lost a total of $8,782,446 from the DeFi exploit.
“We worked closely with the Crema team alongside [Ottersec] to break down the movement of the stolen funds following the exploit,” Solanafm added. Ottersec is a blockchain auditing firm that hasSolanafm says that the hacker siphoned the funds via “6 flash loans on” the“Currently, all of the stolen funds are held in the hacker’spublished a thread
on the Crema Finance exploit and the flash loans. “In order to utilize flashloans, the attacker had to deploy their own onchain program,” Ottersec said. “Unfortunately, this program was quickly closed after the exploit.” “The flashloan calls three key instructions on the Crema contract: ‘DepositFixTokenType,’ ‘Claim,’ and ‘WithdrawAllTokenTypes.’ The attacker is [then] able to deposit and then withdraw the same amount of tokens, while receiving additional tokens from the claim instruction,” Ottersec added.
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