The hacker who exploited Crema Finance, a concentrated liquidity protocol on the Solana (SOL) blockchain, has reached a compromise with the decentralized finance (DeFi) protocol. The agreement entails the return of the majority of the stolen funds while allowing the hacker to keep a portion as compensation.
In an announcement today, the Crema Finance team revealed that, following extensive negotiations, the hacker returned ETH 6,064 (valued at USD 7.19 million) and SOL 23,967.9 (equivalent to USD 892,565). The remaining SOL 45,455 (approximately USD 1.69 million) was retained by the hacker as a “white hat bounty.”
The Solana-based project suffered a loss of around USD 9 million in crypto assets during a flash loan attack over the weekend. The protocol promptly shared the hacker’s addresses and expressed their commitment to tracking the movement of the stolen funds, also keeping open lines of communication with the hacker.