Crema Finance has published its compensation and recovery plans following last week’s $8.8 million hack on the decentralized finance platform. 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 company has also detailed in the blog post its compensation plans, which will re-enable the affected parties to withdraw funds and reclaim their on-chain governance powers, which allow governance token holders to manage and implement any new changes on the blockchain.”]
Source: https://www.cuinfosecurity.com/crema-finance-issues-recovery-plans-after-88m-crypto-hack-a-19545