The DeFi insurance seas don’t stand still for a second. The Admiral is a new, regular bulletin from iTrust, created to help you navigate them. — C.R.E.A.M vs Badger DAO — A tale of two exploits On 27 October, 2021, at 13:54 UTC, the C.R.E.A.M. Ethereum v1 markets were exploited and liquidity was removed. The attacker was able to remove approximately $130m USD. The official post mortem provided by the CREAM protocol team is found here: