← Crema Finance1 decision on this page
Audit log
Every state-changing event for Crema Finance: moderation decisions on community submissions, plus corrections and updates from the news pipeline. URL-based decisions carry three independent witnesses — the original source, an Internet Archive snapshot taken at submission time, and a Solana memo signed by our publicly-disclosed publisher key.
- #1publishby system:backfill2026-05-27 18:12:29ZScore: ? → ? (no score change)anchoranchored
- chain
- ●mainnet-betaslot 422,554,239
- sig
aySoksRk6qXp…nPxGtf7Bexplorer ↗- hash
GuRNxpn4ubZd…zb4FKgorsha256 → base58
verifying row…full verify ↗canonical bytes (6241 B) ▸
{"actor":"system:backfill","investigation_id":"42a98fcb-c67c-4a73-abf4-ca61dd3c31fe","kind":"publish","page_slug":"crema-finance","published_at":"2026-05-27T18:12:29.640Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"Crema Finance","sections":[{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.coindesk.com/tech/2022/07/04/solana-defi-protocol-crema-loses-88m-in-exploit","type":"other","url":""},{"credibility":3,"name":"https://www.halborn.com/blog/post/explained-the-crema-finance-hack-july-2022","type":"other","url":""},{"credibility":3,"name":"https://www.certik.com/resources/blog/4XzSJEeWC2bRppR9CeBckw-crema-finance-exploit","type":"other","url":""},{"credibility":3,"name":"https://ackee.xyz/blog/2022-solana-hacks-explained-crema-finance/","type":"other","url":""},{"credibility":3,"name":"https://therecord.media/nearly-9-million-stolen-from-defi-platform-crema-finance","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.coindesk.com/tech/2022/07/07/crema-finance-attacker-returns-almost-8m-keeps-17m-bounty","type":"other","url":""},{"credibility":3,"name":"https://cointelegraph.com/news/crema-hacker-returns-8m-keeps-1-6m-in-deal-with-protocol","type":"other","url":""},{"credibility":3,"name":"https://finance.yahoo.com/news/crema-hacker-returns-8-million-114746305.html","type":"other","url":""},{"credibility":3,"name":"https://news.bitcoin.com/crema-finance-hacker-negotiates-with-defi-projects-team-returns-8-million-in-eth-and-sol/","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://medium.com/@Crema.finance/the-compensation-plan-regarding-cremas-exploit-incident-62fb9ba4c4bc","type":"other","url":""},{"credibility":3,"name":"https://www.investing.com/news/cryptocurrency-news/crema-finance-team-announces-compensation-plan-following-attack-2845567","type":"other","url":""},{"credibility":3,"name":"https://www.bankinfosecurity.com/crema-finance-issues-recovery-plans-after-88-m-crypto-hack-a-19545","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://tokeninsight.com/en/news/crema-finance-to-go-live-again-after-new-smart-contract-audit","type":"other","url":""},{"credibility":3,"name":"https://ackee.xyz/blog/2022-solana-hacks-explained-crema-finance/","type":"other","url":""},{"credibility":3,"name":"https://defillama.com/protocol/crema-finance","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.crunchbase.com/organization/crema-finance","type":"other","url":""},{"credibility":3,"name":"https://tokeninsight.com/en/coins/crema-finance/team","type":"other","url":""},{"credibility":3,"name":"https://solanacompass.com/projects/crema-finance","type":"other","url":""},{"credibility":3,"name":"https://defillama.com/protocol/crema-finance","type":"other","url":""}]},{"content":"","heading":"","severity":"medium","sources":[{"credibility":3,"name":"https://www.coindesk.com/tech/2022/07/07/crema-finance-attacker-returns-almost-8m-keeps-17m-bounty","type":"other","url":""},{"credibility":3,"name":"https://www.web3isgoinggreat.com/?id=crema-finance-hacked-for-8-8-million","type":"other","url":""}]}],"sources_used":[],"summary":"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.","timeline":[{"date":"2022-01-01","event":"Crema Finance mainnet launches on Solana as a concentrated liquidity DEX protocol.","source":""},{"date":"2022-07-02","event":"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.","source":""},{"date":"2022-07-02","event":"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.","source":""},{"date":"2022-07-02","event":"Crema Finance TVL drops from over $12 million to approximately $3 million following the exploit.","source":""},{"date":"2022-07-03","event":"Crema Finance sends on-chain message to attacker's Ethereum address offering an $800,000 white-hat bounty with a 72-hour return deadline.","source":""},{"date":"2022-07-06","event":"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.","source":""},{"date":"2022-07-07","event":"Crema Finance publicly announces the recovery agreement, designates the attacker a 'white hat,' and commits to releasing a compensation plan within 48 hours.","source":""},{"date":"2022-07-08","event":"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.","source":""},{"date":"2022-08-01","event":"First monthly CRM compensation token unlock for affected liquidity providers.","source":""},{"date":"2022-10-01","event":"Crema Finance submits revised codebase to SlowMist for a new smart contract security audit ahead of planned re-launch.","source":""},{"date":"2025-05-01","event":"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.","source":""}]},"v":1}Verify offline (run on your own machine)python -m src.verify_decision f3871ddc-c897-4aab-a085-f5f6bb82e198
How verification works. The “Row integrity” check above is computed in your browser — your machine recomputes the SHA-256 of the canonical bytes and compares against the stored hash. No avoid.net server can fake that check. The “full verify” link goes one level deeper: your browser fetches the on-chain transaction from a Solana RPC node and confirms the same hash is in the memo. If you don’t want to trust either avoid.net or the public RPC, run the CLI verifier on your own machine —
python -m src.verify_decision <event_id>.