# Defi Update 1

By [bidur.eth](https://paragraph.com/@bidur) · 2021-10-27

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Big Updates today:

1.  Cream.finance v1 exploited and [more than 100 Million](https://cointelegraph.com/news/breaking-cream-finance-appears-to-have-suffered-major-loss-in-flash-loan-hack) Drained. [See the Etherscan Transaction here.](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92)
    

![](https://storage.googleapis.com/papyrus_images/8a5722e2dd5252c757934f7de568073fbd208b3da8252056f24e1369ff58a91e.png)

2\. [First tokenized lawsuit fund goes live on Republic](https://www.theblockcrypto.com/post/122044/first-tokenized-lawsuit-fund-goes-live-on-republic-will-distribute-on-avalanche), will distribute on Avalanche.

An “Initial Litigation Offering” is looking to fund a case against a California county by offering a tokenized stake in any resulting recovery. Law firm Roche Freedman LLP and investment platform Republic are behind the new initiative, which they say will help the public access litigation finance — a traditionally private area of investment.

3\. Shiba Inu Flips DOGECOIN. Congrats to the Shib ARMY.

Thank you and have a nice day.

Stay Safe.

Substack link:

[https://justcryptodefi.substack.com/p/defi-post-9](https://justcryptodefi.substack.com/p/defi-post-9)

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*Originally published on [bidur.eth](https://paragraph.com/@bidur/defi-update-1)*