Euler Finance hacker starts returning stolen Ether

Please fol­low and like us:
Pin Share

The recent attack that drained $197 mil­lion from Euler Finance was dubbed the biggest decen­tral­ized finance (DeFi) hack of 2023 so far. How­ev­er, this may not hold for much longer as the hack­er report­ed­ly had a change of heart.

On March 18, rough­ly 3,000 Ether (ETH) ($5.4 mil­lion) were returned to Euler Finance’s deploy­er address from the Euler Finance hacker’s address. Blockchain inves­ti­ga­tor Peck­Shield iden­ti­fied three trans­ac­tions that were used to send the funds.

Coin­tele­graph con­firmed that the hack­er trans­ferred 1,000 ETH per trans­ac­tion to Euler’s deploy­er account. How­ev­er, chances that the hack­er will return the entire loot of $197 mil­lion remain slim, as no more out­bound trans­ac­tions were record­ed at the time of writing.

On March 16, Euler Finance announced a $1 mil­lion reward to track down the hack­er and retrieve the funds.

The exploiter was able to drain $197 mil­lion through mul­ti­ple trans­ac­tions and lat­er used a mul­ti­chain bridge to trans­fer the funds from the BNB Chain to Ethereum.

Relat­ed: Euler Finance hacked despite 10 audits in 2 years, says CEO

Soon after a $1 mil­lion boun­ty was announced, the stolen funds were moved into the cryp­to mix­er Tor­na­do Cash. 

Euler Finance demand­ed that the hack­er return 90% of the funds with­in 24 hours to avoid pos­si­ble jail time.



Source link

Please fol­low and like us:
Pin Share

Leave a Reply

Your email address will not be published. Required fields are marked *