Reading time: ~2 m
The attacker behind one of the cracks of the DeFi protocol Cream Finance moved stolen funds worth $ 1.75 million, the MistTrack platform drew attention to this.
📢Cream Finance Flashloan Exploiter 2 Update
Hacker(0x9… 253) swapped the remaining funds for 80 $renBTC(~$1.75M) and bridge it to bc1qnjstca5gzja3ay9ktyf2qsa7jr4lf0cn8hkfhd on the #Bitcoin network.
So far over 607 BTC was bridged from this address to the bitcoin network. pic.twitter.com/93KbeQmlS7
— MistTrack🕵️ (@MistTrack_io) September 12, 2022
The hacker exchanged 1000 ETH for 80 renBTC, after which he converted them into bitcoins.
In July, this address transferred some of the stolen assets to more than 300 renBTCs using the Ren Gateway bridge.
In total, the owner of the wallet moved 607 BTC belonging to Cream Finance users.
Recall that in 2021, the DeFi protocol was subjected to hacker attacks three times. In February, an unknown attacker took advantage of a vulnerability in Iron Bank (the second version of the Cream Finance project) and withdrew tokens totaling $ 37.5 million.
In August, the project was attacked with an instant loan. Damage amounted to 462,079,976 AMP and 2804 ETH (more than $ 18 million).
On September 8, the attacker transferred most of the stolen amount of 5152.6 ETH to the multisig wallet of the project.
In October, the developers of the protocol confirmed that they managed to return 5152.6 ETH. The hacker was allowed to leave 10% of the stolen funds – approximately 515 ETH as a reward for the detected error.
In the same month, an unknown person withdrew $ 130 million from Cream Finance, for which he used an instant loan as part of a complex transaction.
#Cream #Finance #cracker #converts #stolen #million #bitcoins