Euler Finance DeFi protocol’s hacker returns all funds to the project
The protocol’s representatives promised to provide full information on the incident on April 5
04.04.2023 - 11:20
359
3 min
0
What’s new? On April 4, the Euler Finance team reported that, after successful negotiations, the hacker returned all funds withdrawn from DeFi protocol on March 13. As such, the $1 million bounty campaign launched by the Euler Foundation will no longer accept new information about the hack. Representatives of Euler promised to provide full details on the incident on April 5.
Following successful negotiations, all of the recoverable funds taken from the Euler protocol on March 13th have now been successfully returned by the exploiter. — Euler Labs (@eulerfinance) April 3, 2023
Euler Finance is a non-custodial protocol for lending and borrowing cryptocurrencies on the Ethereum blockchain. As of April 4, the project’s total value locked (TVL) is $10,1, according to DefiLlama.
Euler hack. The attacker used code that allowed him to create an unsecured debt position on tokens for a donation to the protocol reserves and then liquidate the account, profiting from liquidation bonuses. The amount of the hack has been estimated by various experts to range from $175 million to $200 million. The Euler Finance team involved the US and UK authorities in investigating the incident.
France arrests suspects in Platypus DeFi protocol hack
During the investigation, €210 000 in cryptocurrencies were seized
On March 17, Lookonchain recorded the interaction between the Euler hackers’ addresses and the Ronin sidechain. The attack on Ronin became a record by the amount of damage in 2022, the US authorities attributing it to the North Korean group Lazarus.
On March 20 Euler’s hacker contacted the project and said he was ready to return all funds, and on the 28th he apologized for his actions and said he would return the assets as soon as possible.
On March 28, the SafeMoon exchange exploit resulted in a loss of $8,9 million. The hackers also later offered to set up a secure communication channel to negotiate a refund.
Useful material?
Telegram 
Twitter Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Market
The company predicts that the rate of the first cryptocurrency will grow to $200 000 by the end of next year
Nov 11, 2024
Technologies
The company also unveiled its own blockchain adoption index
Nov 11, 2024
Cryptocurrency rates
-
Bitcoin
$90 044
BTC
-1.3%
-
Ethereum
$3 082.55
ETH
-2.99%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.06
XRP
-8.1%
-
Dogecoin
$0.363175
DOGE
-2.64%
-
Cardano
$0.73299
ADA
-3.92%
-
Bitcoin Cash
$434.19
BCH
-8.19%
-
Polkadot
$5.51
DOT
-4.04%
-
Litecoin
$87.28
LTC
-9.59%
-
Stellar XLM
$0.193464
XLM
+1.17%