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Home Cryptocurrency

EUL Jumps 35% as Euler Finance Hacker Returns One other $100M Value of Ethereum

by Crypto Twigs
March 26, 2023
in Cryptocurrency
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EUL Jumps 35% as Euler Finance Hacker Returns One other $100M Value of Ethereum
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The hacker behind the most important DeFi exploit of 2023 continues to show controversial habits, as this time, they returned the vast majority of the funds stolen from Euler Finance.

In two separate transactions, the perpetrator despatched again over $100 million value of ETH to the protocol.

  • CryptoPotato reported the flash mortgage assault, which came about earlier in March, that noticed $198 million value of USDC, staked ether, wrapped BTC, and DAI siphoned off the DeFi lending protocol. Later stories advised that this vulnerability was evident for over eight months earlier than the exploit.
  • The crew behind the mission supplied the attacker a $20 million bounty, which they rejected, and began laundering parts of the proceeds through TornadoCash.
  • Curiously, the perpetrator returned some funds to an Euler consumer who complained on Twitter. Shortly after, the attacker additionally despatched again some ether to the DeFi protocol, whereas stories advised that they may very well be linked to the infamous Lazarus Group.
  • Additional on-chain information from this weekend present that the hacker made two separate transactions returning over $104 million value of ETH to Euler Finance.
  • The first was carried out on March 25, through which they despatched again 51,000 ETH. The second, which occurred hours later, noticed the return of one other 7,737 ETH.
  • The choice to return the vast majority of the funds positively affected the protocol’s native EUL token, which is up by greater than 35% on a 24-hour scale.
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