Hacker moves stolen funds after bounty launch

The hacker who stole $196 million from Euler Finance has transferred $1.65 million through Tornado Cash, after a $1 million bounty was launched. Victims pleaded for return of funds, but the hacker's move to a crypto mixer suggests they may not be swayed.

Timeline of Euler-finance

The crypto space is still buzzing with the latest crypto attack on the decentralized lending protocol, Euler Finance. The exploit, which took place on March 13, saw the platform lose about $196 million worth of crypto assets.

Decentralized lending protocol Euler Finance (CRYPTO: EUL) announced a $1 million reward for information leading to the arrest of the individuals behind the recent exploit that resulted in the loss of nearly $200 million.

Decentralized finance (DeFi) protocol Euler Finance lost nearly $197 million in a flash loan attack on March 13, impacting more than 11 other DeFi protocols. The vulnerability remained on-chain for eight months despite a $1 million bug bounty in place.

On March 13, DeFi lending protocol Euler Finance suffered a massive flash loan attack, making it the largest crypto hack of 2023 so far. The incident resulted in the loss of approximately $197 million and impacted over 11 other DeFi protocols.

Euler Finance, a decentralized finance (DeFi) lending protocol on Ethereum, has lost approximately $200 million through a flash loan hack. This loss makes it the biggest DeFi hack in 2023.

Ethereum-based noncustodial lending protocol Euler Finance was targeted by a flash loan attack on 13 March. The attacker was successful in stealing almost $197 million in Dai, USD Coin (USDC), staked Ether (StETH), and wrapped Bitcoin (WBTC).

Today's hack saw an attacker drain millions in $DAI, $USDC, $StETH and $WBTC in a flash loan attack. In the largest hack so far in 2023, an attacker was able to carry out multiple transactions that netted more than $195 million in various crypto and stablecoins.

Euler Finance was drained of DAI tokens, staked Ether, USDC, and wrapped Bitcoin after a flash loan attack.On-chain security firms BlockSec and Peckshield said losses from the exploit were over $190 million in cryptocurrencies.The DeFi lender was unsure about who attacked its protocol at press time but Euler promised to update users as more information comes to light. Approximately $197 million in crypto was stolen from Euler Finance after the decentralized finance lending protocol suffered a flash loan exploit on Monday around 4:50 am ET, on-chain security firms BlockSec and Peckshield confirmed.

Euler Finance — a non-custodial lending and borrowing protocol — is pleased to announce that it has integrated Chainlink Price Feeds on Ethereum mainnet. Operating as a risk-averse protocol, Euler claims it places “a strong emphasis on the protection of users' funds.