Crema Finance
Last changed 2026-11-08 · Fact-check review — Fact-check review (verdict: revise): the reviewer checked the page's claims against its sources; the trust score was recalculated from the page's findings, 54 → 61. Version history →
Why this score
| Every page starts at | 65 |
| Incidents it suffered (e.g. hacks) | -9.6 |
| Long-running | +6 |
| Sum | 61 |
- 3 sections set aside: the claims did not hold up in a fact-check, pending correction.
Score: 61/100 (kept between 0 and 100)
How scoring works →Page reliability: Fact-checked 2026-11-08 · 4 of 7 claims confirmed · 3 need better sources
anchored·aySoks…tf7BSummary
Crema Finance is a Solana-based concentrated liquidity market maker (CLMM) DEX protocol that launched in January 2022. On July 2, 2022, the protocol suffered a critical exploit in which an attacker used a fake tick account and flash loans to drain approximately $8.78 million from multiple liquidity pools. Following on-chain negotiations, the attacker returned roughly $7.1 million and retained approximately $1.68 million as an agreed white-hat bounty; Crema subsequently issued a CRM token compensation plan for affected users and submitted a revised codebase for re-audit by SlowMist before reopening.
Connected Entities
6 entities · 60 linked investigations- ZachXBT→mentioned with→Ethereum(70%)
- Uniswap→mentioned with→Ethereum(80%)
- Wormhole→mentioned with→Ethereum(70%)
- Solana→mentioned with→Ethereum(60%)
- Crema Finance→mentioned with→Ethereum(70%)
- Crema Finance→mentioned with→Uniswap(60%)
- Crema Finance→mentioned with→Wormhole(65%)
- Wormhole→mentioned with→Solana(80%)
- Crema Finance→mentioned with→Solana(80%)
- Crema Finance→mentioned with→ZachXBT(70%)
Timeline(11 events)
2022
Crema Finance mainnet launches on Solana as a concentrated liquidity DEX protocol.
2 July 2022
Attacker exploits Crema Finance's CLMM pools using a fake tick account and flash loans from Solend, draining approximately $8.78 million in SOL and USDC. Protocol suspends all smart contract operations immediately.
2 July 2022
Stolen funds converted to 69,422.9 SOL and 6,497,738 USDC; USDC is bridged to Ethereum via Wormhole and swapped to approximately 6,064 ETH. Attacker's Ethereum address identified as 0x8021b2962dB803b73Aa874030B0B42c202E8458F.
2 July 2022
Crema Finance TVL drops from over $12 million to approximately $3 million following the exploit.
3 July 2022
Crema Finance sends on-chain message to attacker's Ethereum address offering an $800,000 white-hat bounty with a 72-hour return deadline.
6 July 2022
Crema Finance and the attacker reach a negotiated agreement. Attacker retains 45,455 SOL (~$1.68 million) as a white-hat bounty and returns 6,064 ETH and 23,967.9 SOL across four transactions.
7 July 2022
Crema Finance publicly announces the recovery agreement, designates the attacker a 'white hat,' and commits to releasing a compensation plan within 48 hours.
8 July 2022
Crema Finance publishes compensation plan: 15 million CRM tokens (1.5% of total hard-cap) allocated from team reserves, distributed via 12-month linear vesting starting August 1, 2022. Affected pool users may withdraw 84% of assets immediately.
August 2022
First monthly CRM compensation token unlock for affected liquidity providers.
October 2022
Crema Finance submits revised codebase to SlowMist for a new smart contract security audit ahead of planned re-launch.
May 2025
Protocol remains nominally live with a TVL of approximately $124,000 and near-zero daily trading volume, indicating severe user attrition since the 2022 exploit.
Decision Log
- slot 466740503 · hash 6kau8MUsVZ522WCfohpHp73Vai5h2B6SyHa4H1QMMDCw
- slot 466740495 · hash 5pEbmRRnLQGBsiGaSH2D8hsq2FGBpHUviugqrTnmAoaM
- slot 466740488 · hash 8x6fpo9fUcd7hvqNsCMQq3wU3GS5CPmGBEwfenz3WDvy
- slot 455365015 · hash 9wFUkTjkYmzg4yASqR59UQQqBCKTMB894f4Uj1WfiJer
- slot 422554239 · hash GuRNxpn4ubZdB3HyHo28YGK9aXEdKV5pYLn6zb4FKgor
This investigation is cryptographically anchored to the Solana blockchain (5 decisions). 14 of 18 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:49 AM
last updated: 11/8/2026, 2:04:05 AM
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