Euler Attacker Returns Majority Of Assets In Flash Loan Exploit

Crypto Information: Decentralized finance (DeFi) platform Euler Finance, which suffered a $196 million exploit earlier in March 2023, seems to have acquired a majority of the misplaced property. Based on newest experiences, the Euler hacker returned as a lot as 51,000 ETH on Saturday though a few of the property are nonetheless mendacity with the exploiter. Round March 13, 2023, the exploiter stole the property with a majority of them in stETH. The property have been distributed as $8.7 million in DAI, $18.6 million in wBTC, $135.8 million in stETH in addition to $33.8 million in USDC stablecoin.

Additionally Learn: Large ETH Accumulation By Crypto Whales Forward Of Ethereum Shanghai Improve


The exploit was mentioned to be the most important in DeFi house in 2023 to this point. This got here at a time when the worldwide banking sector was going through a tricky time because of the financial institution disaster though information within the crypto market has been fairly constructive with a Bitcoin value rally. Earlier, CoinGape reported that the exploiter used flash loans to steal the property. Audit platform BlockSec mentioned the attacker returned a majority of the property misplaced by Euler Finance.

“Euler exploiter simply returned 51000 Eth to Euler finane. Nonetheless some Ethers are remaining within the exploiter account.”

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