Ever since Euler Finance suffered the most important decentralized finance (DeFi) hack of 2023, the crypto group has intently adopted the $197 million heist on-chain – hoping to trace down the attacker. Among the many sequence of transfers made by the hacker, one transaction of 100 Ether (ETH) was allegedly despatched to an tackle related to actors linked to North Korea.
Blockchain investigator Chainlysis recognized that 100 ETH of Euler’s stolen funds have been transferred to an tackle flagged in an older hack with hyperlinks to North Korea.
100 ETH stolen on Monday #Euler The finance hack has moved to an tackle related to the earlier hack #NorthKorea– Related artists. This may increasingly imply that Euler has a hack job #DPRK Additionally, or could also be misled by different hackers. We’ll share as many particulars as doable https://t.co/DxvGsc90Z8 pic.twitter.com/5QPphNTyYY
— Chainalysis (@chainalysis) March 17, 2023
The hacker additionally transferred 3,000 ETH to Euler’s deployer account with out revealing their intentions. Nevertheless, on the time of writing no different transfers have been made after that. In each circumstances, it was unclear whether or not the hacker was trolling or whether or not they really believed in accepting Euler Finance’s $20 million bounty award.
Whereas Chainalysis suspected North Korean involvement within the Euler Finance hack, it highlighted the opportunity of misdirection by different hackers.
Associated: Euler hackers typically ship funds to crypto mixers, taking their possibilities
Euler Labs CEO Michael Bentley shared his displeasure with the $197 million hack as he revealed that ten separate audits carried out over two years vouched for its safety.
Euler has at all times been a safety associated undertaking. Euler good contracts, together with delicate strains of code, have been audited.https://t.co/SvNeoKEGuY
— Michael Bentley (@euler_mab) March 16, 2023
As Cointelegraph beforehand reported, blockchain safety firms, together with Halborn, Solidified, ZK Labs, Certora, Sherlock and Omnisica, carried out good contract audits on Euler Finance from Might 2021 to September 2022.
