The exploit involved the attacker creating a fake tick account on Crema. A tick account is “a dedicated account that stores price tick data in CLMM,” the developers said, referring to Crema’s market-making protocol. After that, the attacker exploited a command by writing the data on the fake account and circumventing security measures.
Related posts
-
Ellipsis Labs Raises $20M from Haun Ventures to Launch ‘Verifiable Finance Blockchain’ Atlas
Initially launching as a layer-2 solution on Ethereum, Atlas is designed to plug into both Ethereum... -
Bitcoin Returns to $72.5K in Muted Market Activity
Bitcoin appears to be taking a breather as October draws to a close, trading around $72,500... -
Qatar Tech Firm Launches Platform for Tokenized Islamic Finance Contracts
Blade Labs, a Qatari tech company, has launched a...