Decentralized finance (DeFi) money market and lending service C.R.E.A.M. Finance appears to have been the target of a devastating exploit Wednesday morning that drained over $1 billion in funds, likely the largest DeFi exploit to date. According to Cream’s native front end, most Ethereum-based pools are now empty. Per DeFillama, the protocol previously had $1.06 billion in total value locked (TVL), or invested. Cream’s official Twitter account acknowledged the attack in a Tweet: {tweet} The protocol has an additional $460 million in TVL across Binance Smart Chain, Polygon, Avalanche and Fantom. It is unclear if those ... (full story)