DUE TO CREMA FINANCE REPORT THE CRYPTO TWITTER COMMUNITY TOOK IT ON THEM TO TRACK DOWN THE HACKING
Crema Finance, a solid liquidity protocol over Solana's blockchain, has announced the suspension of its services due to a costly but undisclosed exploitation.
Immediately after detecting a breach of its contract, Crema Finance suspended liquidity services to prevent the criminal from wasting money - which includes the services of service providers and investors.
Speaking to Cointelegraph on the matter, Henry Du, founder of Crema Finance, confirmed the start of the investigation. He said:
"We are working with some security companies and gaining support from Solana, Solscan and Etherscan etc. We will continue to post any updates via the official Twitter account."
Although the company has not yet provided an update based on the ongoing investigation at the time of writing, the Crypto Twitter community took it upon itself to track the hacker wallet and gain a better understanding of the situation.
Based on a personal investigation, a member of the crypto community @ HarveyMackinto2 allegedly identified the hacker's wallet address. The address mentioned contains 69,422.89 Solana (SOL) tokens - nearly $ 2.3 million - purchased through a series of transactions in a matter of hours.
Some members of the crypto community, however, suspect that the criminal has made 90% of the total amount of money found in other pools at Crema Finance. Du, in turn, confirmed that all protocol activities had been suspended permanently and asked investors to stay tuned for more information on how to update.
Students should be aware that Crema Finance is not affiliated with Cream Finance, DeFi's lending policy, which also lost $ 19 million in debt laundering last year.
The North Korean criminal organization - the Lazarus group - has been the main culprit in a recent attack that lost 100 million Harmony protocol.
An investigation from blockchain analyst Elliptic states that North Korea's involvement is based on fraudulent financial transactions:
"There are strong indications that North Korea's Lazarus Group may be involved in this crime, depending on the nature of the robbery and the availability of illegally stolen funds."