Euler Financing hacker begins returning taken Ether
The current attack that drained pipes $197 million from Euler Financing was called the greatest decentralized financing (DeFi) hack of 2023 up until now. Nevertheless, this might not hold for a lot longer as the hacker apparently had a change of mind.
On March 18, approximately 3,000 Ether (ETH) ($ 5.4 million) were gone back to Euler Financing’s deployer address from the Euler Financing hacker’s address. Blockchain detective PeckShield determined 3 deals that were utilized to send out the funds.
https://t.co/4OBksAu9od pic.twitter.com/Zb3MIyex2f
— PeckShield Inc. (@peckshield) March 18, 2023
Cointelegraph validated that the hacker moved 1,000 ETH per deal to Euler’s deployer account. Nevertheless, opportunities that the hacker will return the whole loot of $197 million stay slim, as say goodbye to outgoing deals were tape-recorded at the time of composing.
On March 16, Euler Financing revealed a $1 million benefit to locate the hacker and obtain the funds.
Today the Euler Structure is releasing a $1M benefit in the hope that this offers extra reward for info that causes the Euler procedure aggressor’s arrest and the return of all funds drawn out by the aggressor.
— Euler Labs (@eulerfinance) March 15, 2023
The exploiter had the ability to drain pipes $197 million through several deals and later on utilized a multichain bridge to move the funds from the BNB Chain to Ethereum.
Related: Euler Financing hacked in spite of 10 audits in 2 years, states CEO
Not Long After a $1 million bounty was revealed, the taken funds were moved into the crypto mixer Twister Money.
#PeckShieldAlert @eulerfinance exploiter on the relocation ~ 1,000 $ETH into Twister Money through intermediary address 0xc66d … c9ahttps:// t.co/ LAkY66YpoF pic.twitter.com/0XhQV1nbgn
— PeckShieldAlert (@PeckShieldAlert) March 16, 2023
Euler Financing required that the hacker return 90% of the funds within 24 hr to prevent possible prison time.
