Cream Finance
Last changed 2026-10-10 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 0 → 50. Problems weighed by who is responsible: incidents the subject suffered −20, problems around the subject, caused by others −4.8; legitimacy credit long-running +6, regulated +5; no longer operating, so capped at 50; the penalty for incidents it suffered is capped at 20; fact-check adjustments (−12) now shown as page reliability, not in the score. Version history →
Why this score
| Every page starts at | 65 |
| Incidents it suffered (e.g. hacks) | -20 |
| Problems around it, caused by others | -4.8 |
| Long-running | +6 |
| Regulated | +5 |
| Sum | 51 |
- No longer operating, so capped at 50.
- The penalty for incidents it suffered is capped at 20 points.
Score: 50/100 (kept between 0 and 100)
How scoring works →Summary
C.R.E.A.M. Finance is a decentralized lending protocol that launched on Ethereum in August 2020, originally forked from Compound Finance. The protocol suffered three major exploits across 2021, losing approximately $186 million in total user funds, and has been effectively dormant since early 2022 with minimal development activity and a TVL that collapsed from over $2 billion to under $3 million.
Connected Entities
7 entities · 60 linked investigations- Ethereum→mentioned with→Bitcoin(60%)
- Cream Finance→mentioned with→ZachXBT(70%)
- Cream Finance→mentioned with→Ethereum(70%)
- Cream Finance→mentioned with→Bitcoin(65%)
- Cream Finance→mentioned with→Binance(70%)
- Yearn Finance→mentioned with→Ethereum(70%)
- ZachXBT→mentioned with→Ethereum(70%)
- ZachXBT→mentioned with→Bitcoin(65%)
- ZachXBT→mentioned with→Binance(60%)
- Fantom (Sonic Labs)→mentioned with→Binance(60%)
- + 6 more
Timeline(11 events)
August 2020
C.R.E.A.M. Finance launches on Ethereum, forked from Compound Finance. Jeffrey Huang and Leo Cheng are founders.
C.R.E.A.M. Finance Medium13 February 2021
First major exploit: Iron Bank and Alpha Homora V2 attacked via flash loan, approximately $37.5 million stolen. Largest flash loan exploit on record at the time.
CoinDesk30 August 2021
Second exploit: AMP token ERC-777 reentrancy bug exploited across 17 transactions, draining 2,804.96 ETH and 462,079,976 AMP tokens (~$18.8M). A copycat attacker exploits the same unfixed vulnerability in the same period.
CoinDesk27 October 2021
Third and largest exploit: yUSD oracle price manipulation via flash-borrowed DAI and ETH allows attacker to drain approximately $130 million across 68 asset types. Largest DeFi flash loan hack recorded at the time.
BloombergNovember 2021
C.R.E.A.M. team announces repayment plan: 1,453,415 CREAM tokens (entire team allocation) distributed to exploit victims. CREAM price declines sharply on the news.
The DefiantJune 2022
ZachXBT publishes investigation alleging founder Jeffrey Huang misappropriated approximately 22,000 ETH from the Formosa Financial ICO treasury and alleging involvement in vote manipulation in the 2018 Binance listing competition for Mithril. ZachXBT later retracted the misappropriation allegation (see August 2023).
ZachXBT / Medium12 September 2022
October 2021 exploit attacker converts $1.75 million in stolen funds to Bitcoin; the majority of the $130M remains unrecovered.
CoinDesk17 June 2023
Jeffrey Huang files a defamation lawsuit against ZachXBT over the June 2022 article.
Blockworks5 August 2023
Last significant commit activity observed on Cream Finance GitHub repositories. Protocol enters effectively dormant state.
GitHub — CreamFi14 August 2023
Huang withdraws his defamation lawsuit against ZachXBT by mutual agreement, after ZachXBT amends the June 2022 article — removing the misappropriation allegation and the 'ten failed projects' claim, and softening the Binance vote characterization from 'caught' to 'accused.' No court ruling was made on the merits.
The BlockDecision Log
- slot 455357658 · hash B3JqNPrF2sLFmxLAkEUwrKaARx2Ps5nm7DRJBk21jUWh
- slot 443515768 · hash D1GvMhU4RydF5K3AzpMt1wSKUAeagbz1k6DfQMNnoZer
- slot 443515758 · hash HTLNKWB5JLMMGW8LENi51r7toQ5orgXA1RTsMuXE8fRH
- slot 423324496 · hash HuHAtx3DKMkRGwh4tyBZNJfUGEz1tXNDYVdm7sXcKbQj
This investigation is cryptographically anchored to the Solana blockchain (4 decisions). 19 of 20 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/31/2026, 6:59:03 AM
last updated: 10/10/2026, 6:39:38 PM
5 viewsavoid.net — verified advice for a post-truth world