Euler Hacker Returns 51,000 ETH to Protocol
The Euler hacker has returned a majority of the stolen funds fee spherical $90 million, over the weekend.
On-chain files reveals that the pockets connected to the Euler hack returned 51,000 ETH on Saturday. The hacker quiet holds $73 million fee of ETH and $43 million fee of DAI from the funds stolen within the $190 million exploit.
The Euler Finance Exploiter despatched 51,000 $ETH($89.2M) to Euler Deployer just valid away.https://t.co/Dke0NwaKbH pic.twitter.com/yBIrnYBAIm
— Lookonchain (@lookonchain) March 25, 2023
Euler’s native token EUL surged 60% within 30 minutes after the news of the funds being returned. At the time of writing, EUL was as soon as trading at $3.seventy nine, gaining 7% all the design in which throughout the final 24 hours.
The cross to return the funds follows a collection of interactions between the Euler hacker and the team within the motivate of the protocol through messages encrypted in blockchain transactions.
“We’re wanting to create this straightforward on all these affected. No plot of keeping what’s never any longer ours. Developing real communication. Allow us to technique to an settlement,” wrote the Euler hacker in a message to the Euler team on March 21.
In the course of the negotiations, the hacker connected to the Ronin bridge exploit reputedly attempted to phish the Euler hacker with a hyperlink to a GitHub repository containing a security vulnerability.
Even if it now looks that this strive was as soon as unsuccessful and the Euler hacker has started returning the stolen funds, blockchain files reveals that the hacker transferred spherical $10 million DAI to one other pockets before they returned the 51,000 ETH to the protocol.
On March 13, Euler misplaced $136 million fee of staked ETH, $34 million fee of USDC, $19 million fee of wrapped BTC and $8.7 million fee of DAI within the flash mortgage exploit.
Source credit : unchainedcrypto.com