• September 26, 2023


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Hacker Who Attacked Cream Finance Converts $1.75M into BTC

ByLouis Adams

Sep 14, 2022 #Hackers
Reading time: < 1 minute

The attacker who has reportedly attacked DeFi protocol Cream Finance has moved the stolen funds ($1.75 million), MistTrack experts have noted.

The hacker has exchanged 1,000 ETH for 80 renBTC, and after that, he has converted them into Bitcoins.

This address transferred more than 300 renBTC of stolen assets using the Ren Gateway bridge in July. In total, the owner of the wallet has moved 607 BTC belonging to Cream Finance users.

The protocol suffered three hacks last year. In February, an attacker exploited a vulnerability in Iron Bank and stole a total of $37.5 million in crypto assets from the protocol.