⇘ 'Riding the Crypto Wave: Resilience Amidst Attacks and Fluctuations'
The recent activity around the CREAM Coin has generated polarized discussions. There's been a significant fluctuation in the value of the...
With a series of noteworthy events including a significant rise in the value, CREAM token has been a topic of deep interest in the cryptocurrency market. The decentralized financial asset, Cream Finance, witnessed a 65% hike, positioning it as a potential hot pick in the market, propositions that were confirmed with Cream's price soaring by 60%. Despite news of a planned token supply increase due to a previous hack compensation, the market has remained robust.
The rise of Cream Finance has also been propelled by strengths in security, particularly notable is the effort of DeFi security project 'Lossless', which succeeded in recovering $16.7M from a Cream Finance hack.
However, Cream Finance experienced a setback when an exploiter converted $1.75M of stolen funds into Bitcoin through a Flash Loan attack resulting in a loss over $100M. Affected by this, Cream had to deal with phishing attacks that exploited PancakeSwap and Cream domains to steal funds.
Nevertheless, the resilience of Cream finance in the crypto space got improved with the launch of a new cryptocurrency venture by Wu-Tang Clan’s Ghostface Killah. Famed for its strategized collaborations and innovative initiatives in the cryptocurrency world, Cream Finance continues to establish its brand and boost its value with innovatively structured crypto deals.
CREAM Coin News Analytics from Wed, 07 May 2008 07:00:00 GMT to Sat, 21 Sep 2024 07:54:00 GMT - Rating 7 - Innovation 6 - Information 8 - Rumor 8