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News

Euler Finance Exploiter Returns 51,000 Stolen ETH To Protocol

March 25, 2023 - Around 2 mins mins to read

Key Points:

  • The attacker returned 51,000 ether worth about $89 million to Euler Finance, but some Ethers are remaining in the exploiter account.
  • Euler Finance offered the attacker a 10% bounty ($19.7 million) to return 90% of the stolen funds.
The Euler hacker has just returned $89M worth of Ether to Euler Finance, but some remain in the exploiter’s account.
Euler Finance Exploiter Returns 51,000 Stolen ETH To Protocol

The attacker returned 51,000 ether worth about $89 million to Euler Finance, but some Ethers are still remaining in the exploiter account. The Euler attacker’s identity remains unknown, and whether the attacker will return the remaining funds is unclear.

Euler Finance Exploiter Returns 51,000 Stolen ETH To Protocol

Previously, the exploiter had returned 3,000 ether (ETH) worth about $5.4 million to the DeFi lending protocol, according to tweets from on-chain sleuth ZachXBT.

Euler Finance, a decentralized finance (DeFi) protocol that offers on-chain lending services has reportedly been attacked. The blockchain security firm BlockSec monitored the situation and suspects over $197 million or more may have been stolen in the attack. The Euler attacker drained $136 million of staked ether (stETH), $34 million of USDC, $19 million of wrapped bitcoin (WBTC), and $8.8 million of DAI from the protocol.

The attack on Euler Finance highlights the ongoing security concerns in the DeFi space, where smart contracts are vulnerable to exploitation by hackers. According to the latest analysis, there has been a loss of the following data:

  • DAI: $8,877,507.35
  • WBTC: 849.14, equivalent to $18,519,069.78
  • stETH: 73,821.46, equivalent to $116,725,471
  • USDC: 34,413,863.42, equivalent to $33,859,800.22
  • stETH: 3,897.50, equivalent to $6,226,536.04
  • stETH: 8,099.30, equivalent to $12,889,232.21

In response, Euler Finance offered the attacker a 10% bounty ($19.7 million) to return the remaining 90% of the stolen funds. The attacker was warned that if the funds were not returned within 24 hours, Euler Finance would launch a $1 million reward for information that would lead to their arrest and the return of all funds.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Thana

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Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.
News

Euler Finance Exploiter Returns 51,000 Stolen ETH To Protocol

Key Points:

  • The attacker returned 51,000 ether worth about $89 million to Euler Finance, but some Ethers are remaining in the exploiter account.
  • Euler Finance offered the attacker a 10% bounty ($19.7 million) to return 90% of the stolen funds.
The Euler hacker has just returned $89M worth of Ether to Euler Finance, but some remain in the exploiter’s account.
Euler Finance Exploiter Returns 51,000 Stolen ETH To Protocol

The attacker returned 51,000 ether worth about $89 million to Euler Finance, but some Ethers are still remaining in the exploiter account. The Euler attacker’s identity remains unknown, and whether the attacker will return the remaining funds is unclear.

Euler Finance Exploiter Returns 51,000 Stolen ETH To Protocol

Previously, the exploiter had returned 3,000 ether (ETH) worth about $5.4 million to the DeFi lending protocol, according to tweets from on-chain sleuth ZachXBT.

Euler Finance, a decentralized finance (DeFi) protocol that offers on-chain lending services has reportedly been attacked. The blockchain security firm BlockSec monitored the situation and suspects over $197 million or more may have been stolen in the attack. The Euler attacker drained $136 million of staked ether (stETH), $34 million of USDC, $19 million of wrapped bitcoin (WBTC), and $8.8 million of DAI from the protocol.

The attack on Euler Finance highlights the ongoing security concerns in the DeFi space, where smart contracts are vulnerable to exploitation by hackers. According to the latest analysis, there has been a loss of the following data:

  • DAI: $8,877,507.35
  • WBTC: 849.14, equivalent to $18,519,069.78
  • stETH: 73,821.46, equivalent to $116,725,471
  • USDC: 34,413,863.42, equivalent to $33,859,800.22
  • stETH: 3,897.50, equivalent to $6,226,536.04
  • stETH: 8,099.30, equivalent to $12,889,232.21

In response, Euler Finance offered the attacker a 10% bounty ($19.7 million) to return the remaining 90% of the stolen funds. The attacker was warned that if the funds were not returned within 24 hours, Euler Finance would launch a $1 million reward for information that would lead to their arrest and the return of all funds.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Thana

Coincu News

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