Miner Euler (EUL) Finance despatched 100 Ethereum (ETH) — value $170,468 — to Miner Ronin Bridge on March seventeenth.
On-chain analyst Lookonchain questioned did the transaction present that the 2 hackers had been the identical particular person or was the switch intentional.
The Ronin Bridge exploit was linked to the notorious North Korean hacking group Lazarus — hypothesis is rife whether or not the group can also be behind the Euler Finance exploit.
In the meantime, the transaction doesn’t present conclusive proof of the connection between the 2 events. The attacker at Euler Finance tried to masks his transactions by way of the authorized mixing protocol Twister Money. The attacker additionally despatched 100 ETH to one of many victims of the exploit.
The Lazarus Group was liable for the $625 million Ronin Bridge exploit in March 2022, in keeping with the Federal Bureau of Investigation (FBI). US Division of the Treasury added hacker group on the Workplace of Overseas Property Management (OFAC) sanctions checklist.
The FBI additionally held the Lazarus Group and APT38 liable for the $100 million Horizon Bridge exploit. Though the North Korean authorities has denied sponsoring Lazarus and APT38, legislation enforcement companies have linked a number of crypto assaults to North Korean hackers.
The CEO of Euler Labs stated that the codes used have been revised
Euler Labs CEO Michael Bentley He stated The DeFi protocol has all the time been a safety undertaking, including that its good contracts — together with weak traces of code — have been audited.
Bentley responded to a sufferer who tweeted that the protocol had ten totally different revisions by six firms between 2021 and 2022.
In a Twitter thread dated March 17, Bentley stated this was essentially the most difficult time of his life as he needed to sacrifice time along with his new child son. As he stated, he won’t ever forgive the attacker.
The CEO reiterated the undertaking’s dedication to discovering the attacker, urging anybody with data that would result in his arrest to come back ahead.
Bentley concluded that:
“Everybody related to Euler works tirelessly to attain the absolute best outcomes as rapidly as potential.”
