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A hacker who lately exploited Euler Finance is attempting to rearrange the return of stolen funds, as seen in a series message on March 20.
The hacker turns to Euler Finance
Information from Etherscan present that the hacker despatched an Ethereum transaction to the Euler Finance implementation contract. That message learn:
“We need to make this simpler for all these affected. With no intention of preserving what isn’t ours. Establishing safe communication. Let’s make a deal.”
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Euler Finance has not publicly confirmed the hacker’s provide, though studies from Decrypt counsel the corporate is conscious of the message.
The venture beforehand provided a $1 million reward on March 16, requiring the attacker to return 90% of the funds inside 24 hours. Euler Finance equally tried to speak with the attacker on the chain.
The place are the stolen funds?
Euler Finance was initially hacked on March 13 for practically $200 million. The attacker stole numerous cryptocurrencies, together with DAI, USDC, WBTC and different belongings. The venture stated it was conscious of the hack on the time and was cooperating with police.
On March 16, a couple of days after the incident, the attacker transferred 1,000 ETH ($1.7 million) by way of Twister Money, whereas additionally returning a small portion of the stolen funds to the person person. Later, on March 17, the attacker despatched 100 ETH ($170,000) to an deal with related to an earlier assault on the Ronin Bridge in March 2022.
Transactions observed by Arkham Intelligence of the day March 18 additionally counsel that the attacker transferred 3,000 ETH ($5.4 million) again to Euler Finance itself. These transfers, mixed with right this moment’s message, counsel the striker is prepared to cooperate.
Euler Finance is a decentralized lending and borrowing finance platform constructed on Ethereum.
Though the disaster triggered the worth of Euler Finance’s authentic token to fall, it partially recovered. The worth of the EUL token of the venture has elevated by 30% within the final 24 hours.
