Euler Hacker Returns $5.4 Million to DeFi Protocol
The Euler Finance hacker has returned a runt fragment of the $197 million price of crypto stolen in the exploit.
On March 18, the Euler hacker sent 3,000 ETH, price spherical $5.4 million on the time, support to the Euler deployer contract.
Total, Exploiter peaceable holds ~$191m price of sources:
~81.9k ETH
~43m DAI pic.twitter.com/37gCk0PZHJ— CertiK Alert (@CertiKAlert) March 18, 2023
Blockchain security agency CertiK estimates that the hacker peaceable holds 81,900 ETH and 43 million DAI in the wallet, amounting to spherical $191 million price of sources.
The motive on the support of the switch stays unclear on the time of writing. The Euler crew acknowledged the receipt of these funds with a message encoded in a transaction sent to the hacker.
Sleek message from Euler to the hacker.https://t.co/BkGlN1VdI8
I bet the hacker also returned just a few of the sources already! pic.twitter.com/iGPmwFAuZF
— Hudson Jameson (@hudsonjameson) March 18, 2023
Just a few hours prior, Chainalysis chanced on that the Euler hacker sent 100 ETH to a wallet tackle linked to North Korea’s Lazarus Crew – the grunt-backed cybercrime unit on the support of the $540 million exploit of the Ronin injurious chain bridge final twelve months.
100 ETH stolen in Monday's #Euler Finance hack safe moved to an tackle linked to a old hack implemented by #NorthKorea-linked actors. This could per chance mean the Euler hack is the work of #DPRK too, or could per chance very smartly be misdirection by diverse hackers. We'll portion extra major parts as possible https://t.co/DxvGsc90Z8 pic.twitter.com/5QPphNTyYY
— Chainalysis (@chainalysis) March 17, 2023
On the different hand, the total consensus amongst on-chain analysts used to be that this switch used to be seemingly an try to mislead investigators taking a survey to mark the hacker’s identity.
The Euler hacker moved $1.6 million of the stolen funds to coin mixer Tornado Money on Thursday, after considerably uncharacteristically returning 100 ETH to 1 of the exploit’s victims.
Euler is offering a $1 million bounty for any leads on the hacker’s identity that could per chance result in his arrest.
“There is microscopic I’m able to claim publicly about this, but I need all people to know that there is a luminous crew of world-class individuals doing all they may be able to evening and day,” tweeted Euler Labs CEO Michael Bentley.
Source credit : unchainedcrypto.com