Alpha Finance Lab + Cream Finance

Exploit

Estimated loss

$37.00M

VERDICT —UNRATED

Verdict pending. Auto-ingested incidents are reviewed before a public verdict is rendered.

▰ METHOD

Undisclosed

Root cause

Root-cause analysis not yet published. The incident description below contains all currently available signal — review the attack transaction directly for definitive forensics.

Forensic narrative

In one of the largest exploits of the DeFi era, this morning an attacker successfully drained over $37 million from Alpha Homora by leveraging Cream’s Iron Bank protocol-to-protocol lending platform. Reported loss: $37,000,000.

Primary source

https://cointelegraph.com/news/alpha-homora-loses-37-million-following-iron-bank-exploit ↗

Sourced from

chainsec

Technical record