1 year ago
Chances that the hacker volition instrumentality the full loot of $197 cardinal stay slim arsenic nary much outbound transactions — different than the 3,000 ETH — were recorded astatine the clip of writing.
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The caller onslaught that drained $197 cardinal disconnected Euler Finance was dubbed the biggest decentralized concern (DeFi) hack successful 2023 truthful far. However, this whitethorn not clasp existent for overmuch longer arsenic the hacker reportedly had a alteration of heart.
On March 18, astir 3,000 Ether (ETH) — worthy $5.4 cardinal — were returned to Euler Finance’s deployer code from the Euler Finance hacker’s address. Blockchain researcher Peckshield identified 3 transactions that were utilized to nonstop the funds.
https://t.co/4OBksAu9od pic.twitter.com/Zb3MIyex2f
— PeckShield Inc. (@peckshield) March 18, 2023Cointelegraph confirmed that 1,000 ETH per transaction was transferred to Euler’s deployer account. However, chances that the hacker volition instrumentality the full loot of $197 cardinal stay slim arsenic nary much outbound transactions were recorded astatine the clip of writing.
On March 16, Euler Finance announced a $1 cardinal reward successful hopes to way down the hacker and retrieve the funds.
Today the Euler Foundation is launching a $1M reward successful the anticipation that this provides further inducement for accusation that leads to the Euler protocol attacker’s apprehension and the instrumentality of each funds extracted by the attacker.
— Euler Labs (@eulerfinance) March 15, 2023The exploiter was capable to drain $197 cardinal done aggregate transactions and aboriginal utilized a multichain span to transportation the funds from the BNB Smart Chain to Ethereum.
Related: Euler Finance hacked contempt 10 audits successful 2 years, says CEO
Soon aft a $1 cardinal bounty was announced against the attacker, the stolen funds were seen being moved into crypto mixer Tornado Cash.
#PeckShieldAlert @eulerfinance exploiter connected the move
~1,000 $ETH into Tornado Cash done intermediary code 0xc66d...c9ahttps://t.co/LAkY66YpoF pic.twitter.com/0XhQV1nbgn
Euler Finance demanded that the hacker instrumentality 90% of the funds wrong 24 hours to debar imaginable jailhouse time.
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