Cream Finance Exploiter Converts $1.75M in Stolen Funds to Bitcoin

An attacker behind one of Cream Finance’s many exploits has converted roughly $1.75 million in stolen funds, according to blockchain data.

The address has now moved some 607 bitcoin in stolen funds so far since the exploits, tracking tool MistTrack shows.

According to MistTrack, the attack swapped over 1,000 ether to 80 renBTC before converting them to actual bitcoin.

Weeks earlier, the same address converted stolen funds to more than 300 renBTC over several days in July.

The lending service was previously hit by multiple exploits – the latest being a $130 million attack in late 2021.

The attacks damaged its reputation among crypto circles and contributed to a 94% decline of its native CREAM tokens.

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