Crema Finance has published its compensation and recovery plans following last week’s $8.8 million hack. The hacker has returned the stolen funds in exchange for a $1.68 million “bounty” offered by the company. Flash loan attacks on crypto are becoming increasingly popular among hackers. The number of flash loan attacks increased 66% from Q2 to Q2, according to a report by blockchain security company CertiK. The company has suspended its smart contract to minimize the impact of the hack and retained cryptocurrency security organizations.”]
Source: https://www.bankinfosecurity.com/crema-finance-issues-recovery-plans-after-88-m-crypto-hack-a-19545