Cream Finance will pay compensation to users affected by the hacker attack
The creators will allocate more than 1,45 million CREAM tokens to implement this plan
15.11.2021 - 07:30
874
1 min
0
What’s new? The team of the decentralized Cream Finance project has announced on its Twitter account a refund for users affected by the hacker attack.
Dear C.R.E.A.M. Community and Partners,We appreciate your support as we work through the next steps for C.R.E.A.M. Finance and what this means for everyone. We explored every option that was available to us before arriving at the conclusion that this is the best path forward.— Cream Finance 🍦 (@CreamdotFinance) November 13, 2021
“We appreciate your support as we work through the next steps for C.R.E.A.M. Finance. We explored every option that was available to us before arriving at the conclusion that this is the best path forward. We will distribute 1 453 415 CREAM tokens to impacted users.”
Where will the funds for compensation come from? According to the project’s representatives, a decision has been made to allocate assets from the CREAM treasury as well as tokens meant for developers. The last ones will no longer receive allocations. However, the compensation will not affect the staking programs and all participants will continue to receive rewards.
Useful material?
Incidents
The company is linking the incident to a compromised private key on a service wallet, rather than a smart contract exploit
May 22, 2026
Incidents
Following the incident, the project temporarily halted trading operations and node activity.
May 15, 2026
Incidents
The user spent weeks unsuccessfully trying to guess the password until Claude helped find an old wallet backup file
May 14, 2026
Crypto regulations
Authorities are introducing mandatory registration for companies handling cross-border crypto transactions
May 8, 2026
Incidents
According to Blockaid, the attack may have been carried out by the same hacker behind the 1inch Fusion V1 exploit.
May 7, 2026
Incidents
The attacker gained administrative access and altered contracts to drain user funds
Apr 30, 2026
Telegram
Twitter