One Euler Finance hack victim has already traded away the 200 ETH he owes, talked about an executive at DeFi insurance protection agency Nexus Mutual.

In step with a Wednesday record from CoinDesk, five policyholders are yet to pay abet the claims they got from Nexus Mutual, which collectively amount to $2 million.

After exploiting the protocol for on the subject of $200 million in March, the Euler hacker returned everything of his loot final week. Rapidly after, the Euler crew launched a belief to reimburse affected customers and enabled redemptions on April 12.

At the time of writing, 457 customers had redeemed $133 million from Euler Finance, in line with knowledge from Dune Analytics.

Since the victims of the exploit now have an avenue to derive their a repayment, these that got a policy payout from insurers admire Nexus will likely have their claims void.

“Right here’s the first train match where an exploited protocol was once in a position to derive better the misplaced funds from the attacker,” talked about Nexus Mutual’s head of communications BraveNewDeFi to CoinDesk.

The terms of their policy stipulated that they had been obliged to return the associated price of their claims to Nexus Mutual in the match that the hacker returned the funds. Despite this, two policyholders who redeemed funds from Euler on Wednesday, had been seen swapping these funds for plenty of cryptos on chain.

Nexus Mutual has contacted the Euler crew about the lisp and ought to serene potentially pursue merely action in opposition to those that haven’t returned the associated price of their claims.