Home Crypto News Euler Finance hacker begins returning stolen Ether again to the Basis

Euler Finance hacker begins returning stolen Ether again to the Basis

by Cryptoroz

The latest assault that drained $197 million off Euler Finance was dubbed the largest decentralized finance (DeFi) hack in 2023 up to now. Nevertheless, this may increasingly not maintain true for for much longer because the hacker reportedly had a change of coronary heart.

On March 18, roughly 3,000 Ether (ETH) — price $5.4 million — had been returned to Euler Finance’s deployer handle from the Euler Finance hacker’s handle. Blockchain investigator Peckshield recognized three transactions that had been used to ship the funds.

Cointelegraph confirmed that 1,000 ETH per transaction was transferred to Euler’s deployer account. Nevertheless, possibilities that the hacker will return your complete loot of $197 million stay slim as no extra outbound transactions had been recorded on the time of writing.

On March 16, Euler Finance introduced a $1 million reward in hopes to trace down the hacker and retrieve the funds.

The exploiter was in a position to drain $197 million by means of a number of transactions and later used a multichain bridge to switch the funds from the BNB Sensible Chain to Ethereum.

Associated: Euler Finance hacked regardless of 10 audits in 2 years, says CEO

Quickly after a $1 million bounty was introduced towards the attacker, the stolen funds had been seen being moved into crypto mixer Twister Money.

Euler Finance demanded that the hacker return 90% of the funds inside 24 hours to keep away from doable jail time.


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