Cream Finance, a higly renowned DeFi platform recently experienced a spike as its
crypto value jumped by a staggering 65%. This sudden increase stimulated interest among investors, marking the platform as a new favorite. But this fortunately timed ascend occured in parallel with an announcement made by Bitmart, which listed CREAM as a hot pick. However, one has to consider the aftermath of Cream's recent hack, which resulted in the loss of nearly $19M in flash loan and which could potentially
inflate the token supply. Rumors and speculations also circulate around the amount of $1.75M being converted to Bitcoin, allegedly being part of the stolen funds. Despite these setbacks,
Yearn Finance has announced a potential merger with Cream, signifying a potential turnaround. However, as solid as these news may seem,
DeFi security project 'Lossless' was able to help recover nearly $16.7M from the Cream hack, easing investors' worries. Other pieces of information also state a phishing attack that used PancakeSwap and Cream domains to siphon money, shedding a light on Cream's potential security vulnerabilities. With the recent
flash loan attack netting over $100M, it seems that Cream Finance potentially has substantial security and trust issues to solve.
CREAM Coin News Analytics from Wed, 07 May 2008 07:00:00 GMT to Sat, 07 Sep 2024 14:08:21 GMT -
Rating -2
- Innovation -4
- Information 3
- Rumor -6
