Cream Finance Website Compromised, Hackers Requesting Seed Phrases

DeFi protocol Cream Finance is experiencing its second hack of 2021. This time, attackers have targeted the website’s DNS and are using it to request users’ private keys and seed phrases.

Cream Finance Compromised

This is the advice Cream Finance has given on Twitter as the DeFi protocol’s DNS has been compromised. In non-tech language, this means that Cream’s smart contracts are fine but hackers have taken control of the website. They’re now using this control to request users seed phrases and empty the account of those who fall in the trap.

Ever since their ICO in 2017, Cream has been an important part of the DeFi ecosystem. Their cooperation with Yearn Finance on the Iron Bank project has been a much-discussed project in decentralized finance.

This is not the first hacking problem faced by Cream as, no later than a month ago, the protocol was exploited through Alpha Finance netting $37.5 million to the hackers.

Disclaimer: The author held ETH and a number of other cryptocurrencies at the time of writing.

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