Crema Finance Hacker Returns $7.6 Million Price Of Stolen Crypto

On Sunday, Crema Finance, a Solana concentrated liquidity protocol, suffered from a flash mortgage exploit.

Losses whole 69,422.9 SOL & 6,497,738 USDC stablecoin, about $9 million on the time of the hack.

In accordance with an replace from Crema Finance, the attacker returned the stolen funds after a negotiation.

Crema Finance confirmed that hackers transferred 6,064 ETH ($7 million) and 23,967 SOL ($870,000) to the crew’s wallets on Solana & Ethereum in 4 transactions.

In accordance with the negotiated settlement, the hacker was allowed to maintain 45,455 SOL ($1.65 million) as a reward. The crew has labeled the perpetrator a “white hat,” a time period for moral hackers. Which means Crema Finance is unlikely to take any authorized motion towards the as but unknown hacker.

“After a protracted negotiation, the hacker agreed to take 45,455 SOL as a white hat bonus. We now have now confirmed receipt of 6,064 ETH + 23,967.9 SOL in 4 transactions,” the crew mentioned.

After the hack, the crew tried to barter with the hacker, sending a onchain message providing a bounty reward. The following day, it acquired an onchain response from hacker who mentioned, “Crew Crema, because you’re attempting to succeed in me to barter, let’s chat.”

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