business Blockchain Hackers Liquidity

Crema Finance shuts liquidity protocol on Solana amid hack investigation

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cointelegraph.com

Crema Finance, a concentrated liquidity protocol over the Solana blockchain, announced the temporary suspension of its services owing to a successful exploit that has drained a substantial but undisclosed amount of funds.Soon after realizing the hack on its protocol, Crema Finance suspended the liquidity services to refrain the hacker from draining out its liquidity reserves — which include the funds of the service provider and investors.Attention!

Our protocol seems to have just experienced a hacking. We temporarily suspended the program and are investigating it. Updates will be shared here ASAP.While the company is yet to provide an update based on an investigation that was ongoing at the time of writing, the Crypto Twitter community took it to themselves to track down the hacker’s wallet and gain a better understanding of the situation.

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