Although the blockchain industry is a powerful system for protecting assets, some projects may be vulnerable to attacks. Blockchain and cryptocurrencies, which have managed to attract the attention of fraudsters and hackers, especially with the increase in popularity recently, are frequently exposed to attacks. However, one of these attacks Crema FinanceThings went well for him.
Crema Finance Agreed With Hacker
One of the most important actors of the crypto money industry is undoubtedly hackers. In the DeFi industry, where billions of dollars of assets are protected, users’ assets must be carefully protected. In case of an attack, the developer teams have to contact the attackers quickly.
👉After a long negotiation, the hacker agreed to take 45455 SOL as the white hat bounty. Now we have confirmed the receipt of 6064 ETH + 23967.9 SOL in four transactions indicated below. A follow-up compensation plan will be released in 48h.
— CremaFinance (@Crema_Finance) July 6, 2022
Crema Finance, on the other hand, announced that it has reached a settlement with the hacker who stole $ 8.78 million worth of funds. Forced to shut down its liquidity services after the attack, the project immediately offered the attacker a generous $800,000 reward before contacting law enforcement and launching an investigation.
The blockchain project has also worked with leading security firms in the industry to track the attacker’s funds. The dev team announced that they managed to negotiate a much larger $45,455 SOL (about $1.7 million at press time) with the hacker.
Having reached an agreement with the “white hat” hacker, Cream Finance said that a compensation plan will be announced in the next two days.
