Left (LEFT) Crema Finance, the decentralized finance (DeFi) protocol on its network, was targeted by hackers in early July.
There have been new developments in the hacking event.
Crema Finance announced that it has reached an agreement with hackers who have obtained approximately $ 10 million in funding.
About 16% of the funds raised were given to hackers as a reward. Hackers returned the remaining $ 8 million.
As a reward for hackers 45,455 LEFT in exchange for $1.6 million. hackers 6,064 Ethereum (ETH) and 23.967 Solana (SOL) returned the funds worth.
Announcing the agreement on its Twitter account, Crema Finance used the following statements:
“After a long negotiation, the hacker agreed to receive 45455 SOL as a white hat reward.
We have confirmed that hackers sent a total of 6,064 Ethereum (ETH) and 23,967 Solana (SOL) in four transactions.
A follow-up compensation plan will be published within 48 hours.”
👉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
What Happened?
Making a statement on July 3, Crema Finance announced that there was a hacking event in the protocol.
Crema Finance, which temporarily suspended operations, suffered a loss of approximately 10 million dollars.
Crema Finance seems luckier as it was able to recover the vast majority of its funds from Harmony, which was also targeted by hackers last month.
Because hackers are worth $ 100 million from Harmony cryptocurrency stole and refused the $1 million prize for the return of the funds.