Euler Finance exploiter returns over 58,000 stolen Ether

Euler Finance exploiter returns over 58,000 stolen Ether


The hacker behind the $196 million exploit on lending protocol Euler Finance has returned the vast majority of the stolen belongings, in accordance with on-chain information. 

In a transaction on March 25, the exploiter returned 51,000 Ether (ETH) price round $88 million on the time of writing. A second switch of seven,737 ETH was made on the identical day, price over $13 million. Previously, on March 18, the hacker despatched 3,000 ETH to the protocol, price practically $5.4 million on the time. The exploiter nonetheless controls among the stolen belongings.

On March 13, the hacker carried out a number of transactions stealing practically $196 million from the protocol in a flash mortgage assault, dubbed the biggest DeFi hack of 2023 to this point. Stolen belongings embody 8.8 million DAI, 849,000 wBTC, 85 million stETH, and 34 million USDC stablecoin.

Funds stolen from Euler Finance. Source: BlockSec.

A couple of days after the hack, the exploiter despatched an on-chain message to Euler calling for an settlement with the protocol. “We want to make this easy on all those affected. No intention of keeping what is not ours. Setting up secure communication. Let us come to an agreement,” they stated.

Related: Euler assault causes locked tokens, losses in 11 DeFi protocols, together with Balancer

The protocol had beforehand tried to barter with the exploiter, requesting that they return 90% of the funds they stole inside 24 hours, and in any other case they’d face authorized motion. No response was acquired, and 24 hours later Euler supplied a $1 bounty reward for any info resulting in the seize of the exploiter.

Other transactions have been made by the hacker, together with a switch of 1,000 nETH, roughly $1.65 million on the time, via sanctioned crypto mixer Tornado Cash.

According to blockchain analytics agency PeckShield, round 100 ETH was despatched to a pockets deal with possible owned by one of many victims. An on-chain message despatched by the pockets deal with had earlier pleaded for the attacker to return their “life savings.”



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