Euler Finance exploiter returns over 58,000 stolen Ether

1 year ago

ETH worthy implicit $101 cardinal had been returned to the lending protocol arsenic of March 25. The exploiter inactive controls portion of the stolen assets.

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Euler Finance exploiter returns implicit    58,000 stolen Ether

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The hacker down the $196 cardinal exploit connected lending protocol Euler Finance has returned the bulk of the stolen assets, according to on-chain data. 

In a transaction connected March 25, the exploiter returned 51,000 Ether (ETH) worthy astir $88 cardinal astatine the clip of writing. A 2nd transportation of 7,737 ETH was made connected the aforesaid day, worthy implicit $13 million. Previously, connected March 18, the hacker sent 3,000 ETH to the protocol, worthy astir $5.4 cardinal astatine the time. The exploiter inactive controls immoderate of the stolen assets.

— ekin (@eking0x) March 25, 2023

On March 13, the hacker carried retired aggregate transactions stealing astir $196 million from the protocol successful a flash indebtedness attack, dubbed the largest DeFi hack of 2023 truthful far. Stolen assets see 8.8 cardinal DAI, 849,000 wBTC, 85 cardinal stETH, and 34 cardinal USDC stablecoin.

Funds stolen from Euler Finance. Source: BlockSec.

A fewer days aft the hack, the exploiter sent an on-chain connection to Euler calling for an agreement with the protocol. “We privation to marque this casual connected each those affected. No volition of keeping what is not ours. Setting up unafraid communication. Let america travel to an agreement,” they said.

Related: Euler onslaught causes locked tokens, losses successful 11 DeFi protocols, including Balancer

The protocol had antecedently tried to negociate with the exploiter, requesting that they instrumentality 90% of the funds they stole wrong 24 hours, and different they would look ineligible action. No effect was received, and 24 hours aboriginal Euler offered a $1 bounty reward for immoderate accusation starring to the seizure of the exploiter.

Other transactions person been made by the hacker, including a transportation of 1,000 nETH, astir $1.65 cardinal astatine the time, done sanctioned crypto mixer Tornado Cash.

According to blockchain analytics steadfast PeckShield, astir 100 ETH was sent to a wallet code apt owned by 1 of the victims. An on-chain connection sent by the wallet code had earlier pleaded for the attacker to instrumentality their "life savings."

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