Euler hacker seemingly taking their chances, sends funds to crypto mixer

The hacker liable for the $196 million assault on Euler Finance has begun shifting funds into crypto mixer Tornado Cash, solely hours after a $1 million bounty was launched to uncover the hacker’s id.

Blockchain analytics agency PeckShield tweeted on March 16 that the exploiter behind the flash mortgage assault on the Ethereum noncustodial lending protocol was “on the move.”

The exploiter transferred 1,000 Ether (ETH), roughly $1.65 million, by way of sanctioned crypto mixer Tornado Cash.

#PeckShieldAlert @eulerfinance exploiter on the transfer~1,000 $ETH into Tornado Cash by way of middleman handle 0xc66d…c9ahttps://t.co/LAkY66YpoF pic.twitter.com/0XhQV1nbgn

— PeckShieldAlert (@PeckShieldAlert) March 16, 2023

It comes solely hours after Euler Labs tweeted that it was  launching a $1 million reward for data main “to the Euler protocol attacker’s arrest and the return of all funds.”

Just a day earlier, Euler despatched an on-chain message to the exploiter’s handle, warning it could launch a bounty “that leads to your arrest and the return of all funds” if 90% wasn’t returned inside 24 hours.

The motion of the funds to the crypto mixer may point out that the hacker shouldn’t be being swayed by Euler’s amnesty supply. 

Peckshield famous that round 100 ETH, value $165,202 on the time of writing, was despatched to a pockets handle that’s doubtless owned by one of many victims. An on-chain message despatched by the pockets handle had earlier pleaded for the attacker for the return of their “life savings.”

WOW!@eulerfinance Exploiter returned 100 $ETH to some man who begged him for the cash again because it was his life financial savingshttps://t.co/Gz9aCUZB0H pic.twitter.com/DhZBenqtuS

— Wazz (@WazzCrypto) March 16, 2023

This led to a slew of different victims sending messages to the handle in hopes of additionally getting their funds returned.

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

One message said they “are twenty-six families from jobless rural areas,” who misplaced “a million USDT in total,” including their share of funds within the protocol was the “life-savings from our past decades of work in factories.”

Another obvious sufferer messaged the attacker congratulating them on the “big win” and mentioned they invested funds into Euler they “desperately needed” for a home.

“My wife is going to kill me if we can’t afford our house […] Is there anyway [sic] you can help me? I have no idea what to tell my wife,” they wrote.

According to on-chain knowledge, the $196 million stolen from Euler consisted of Dai (DAI), USD Coin (USDC), staked ETH and wrapped Bitcoin (WBTC).