Euler Finance Hacker returns all reimbursable funds

Euler Finance Hacker returns all reimbursable funds

The exploiter behind the multi-million dollar attack by Euler Finance has returned all reimbursable funds, as the credit protocol for decentralized finances (defi) announced on Tuesday.

In a Twitter contribution the development team of the project disclosed that the hacker has returned all funds after successful negotiations.

Euler Finance receives stolen money

Remember that Euler lost around $ 200 million on March 13 on March 13th. The incident was recorded as the greatest loss of crypto in the first quarter of 2023.

as cryptopotato reported steel the decentralized stable coin worth 8.7 million US dollar worth value of 34 million US dollars Coin (USDC), Bitcoin worth $ 19 million (WBTC) and ether worth $ 136 million (ETH). The attacker borrowed the assets over a flash loan and removed it from the protocol.

About two days after the exploit, Euler Finance publicly offered the attacker to keep 10 % of the stolen assets if he agreed to return the remaining funds. The protocol finally revealed that the Euler Foundation offered everyone a reward of $ 1 million with information about the hacker if the funds were not returned.

However, the exploitor continued to mix the stolen crypto in tornado cash, The application. The attacker sent 100 ETH to an intermediate address in ten transactions, which made it more difficult for Euler to pursue the IRL.

Interestingly, on-chain data showed an interaction between the wallet associated with Euler's attack, and another that is related to the 625 million hack of the Ronin Network by Axie Infinity. The latter sent an encrypted message to Euler's exploiters with instructions for decrypting the message with the private key of the address to which it was sent.

In response to the message, the Euler Exploiter announced that he intended to return the stolen funds to the protocol team, and said that they would soon communicate.

Eulers $ 1 million offer is deactivated

Four days after the revelation of the perpetrators has come back over $ 104 million in Eule Finance. The first transaction contained 51,000 ETH, while the second 7,737 ETH was worth.

over time the hacker apologized for the incident and sent around $ 77 million in two transactions with 31,000 ETH and 30 million DAI.

Since he transferred the remaining $ 18 million to ETH and $ 13 million in DAI, Euler has decided to cancel the originally started $ 1 million reward campaign.

because the exploitor did the right one and repaid the funds and the 1 million dollar reward campaign launched by the Euler Foundation no longer accepts new information.

All details follow tomorrow.

- Euler Labs (@eulerfinance) 3. April 2023

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