DeFi Protocols Cream Finance, Alpha Exploited in Flash Loan Attack; $37.5M Lost
Alpha Finance says the "loophole" has been patched.
Withdrawals and deposits are temporarily paused.
The attacks marks yet another exploit of a BSC-enabled DeFi protocol.
The attacks occurred on ApeRocket's Binance Smart Chain and Polygon networks within a few hours of each other on Wednesday.
A hacker used PancakeSwap to manipulate the Bunny market and crashed its price to nearly zero.
The protocol said minting has been paused on all contracts while an investigation takes place.