Cream Finance
HackedDeFi · $CREAM · born 2020 · ✝ 2021
Repeatedly drained by flash-loan attacks, including a ~$130M hit.
Cream Finance was a DeFi lending protocol that suffered multiple exploits, culminating in an October 2021 flash-loan attack of roughly $130M. The protocol never recovered its standing.
- Peak
- ~$130M stolen (largest hit)
- Cause
- Hacked
- Year of death
- 2021
☠️ Cause of death
Attackers used flash loans to manipulate price oracles and collateral accounting, repeatedly draining funds across several incidents.
📓 Lessons left behind
- —Price-oracle manipulation is a recurring DeFi attack vector.
- —Flash loans amplify any pricing or accounting weakness.
- —Repeated exploits erode user trust permanently.
🌱 The idea that survived
Robust oracle design
Drove adoption of manipulation-resistant oracles and time-weighted pricing in lending protocols.
#defi#flash-loan#oracle