Solana DeFi Protocol Crema Loses 88M in Exploit

Solana-based liquidity protocol Crema Finance had more than $8.78 million worth of cryptocurrencies stolen from its platform in an attack over the weekend, developers said in a tweet. Crema said it had suspended its smart contract after the exploit. Value locked on Crema plunged to $3 million on Monday from over $12 million on Saturday following the exploit, data shows. Crema has seen trading volumes of $1.34 billion since its inception in January. The attacker started by creating a fake tick account.