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A community for the latest discussions about the cutting edge of crypto design, it's culture and significant crypto news. Decentralize everything. Check out our [Community Guidelines](https://relevant.community/crypto/post/6122269e61d1cd005a877277/62427d3ed587ad005b647828)
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[https://dailyhodl.com/2021/08/31/defi-platform-cream-finance-loses-26000000-in-hack/](https://dailyhodl.com/2021/08/31/defi-platform-cream-finance-loses-26000000-in-hack/) >"The decentralized finance (DeFi) lending protocol Cream Finance (CREAM) suffered a hack that led to the loss of about $26 million in Ethereum (ETH) and AMP tokens."
[https://dailyhodl.com/2021/08/31/defi-platform-cream-finance-loses-26000000-in-hack/](https://dailyhodl.com/2021/08/31/defi-platform-cream-finance-loses-26000000-in-hack/) >"The decentralized finance (DeFi) lending protocol Cream Finance (CREAM) suffered a hack that led to the loss of about $26 million in Ethereum (ETH) and AMP tokens."
Cream Finance says the platform lost 418,311,571 AMP, currently valued at $22.1 million, and 1,308 ETH, currently valued at $4.42 million, on Tuesday “by way of reentrancy on the AMP token contract.” At the time of the hack, the crypto was worth about $18 million.
Cream Finance says the platform lost 418,311,571 AMP, currently valued at $22.1 million, and 1,308 ETH, currently valued at $4.42 million, on Tuesday “by way of reentrancy on the AMP token contract.” At the time of the hack, the crypto was worth about $18 million.
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