Alpha Finance Suffers $37.5 Million Loss in Major Attack | Crypto Briefing

Key Takeaways

  • DeFi protocols Cream Finance and Alpha Finance have been linked to a major attack.
  • The attacker took over $37.5 million through a multi-step process involving a series of flash loans. They’ve started distributing the funds to various locations.
  • Alpha Finance appears to be the root cause of the exploit. Both teams say that they’re investigating, with post-mortems to follow.

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