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Cream Finance exploiter moves nearly $500k

June 26, 2023
in Crypto Exchanges
Reading Time: 1 min read
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The exploiter behind a previous assault on Cream Finance has transferred almost half 1,000,000 in funds, safety agency CertiK stated on June 26.

Exploiter moved $496,000 of ETH

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

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

Etherscan information determine the sending handle 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 handle is explicitly linked to the exploit, neither Etherscan nor CertiK labeled the receiving handle as belonging to the exploiter. The receiving handle has nonetheless obtained different deposits from Cream Finance.

Unclear whether or not attacker is cashing out

It is usually unclear whether or not the transaction represents an try and money out funds by way of an change, because the receiving handle 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 way of a centralized cryptocurrency change.

 

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

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