Euler Hackers Refund And 3,000 ETH Returned

Key Points:

• Euler Finance attackers are reported to be returning the money they stole.
• So far, 3000ETH has been returned.
• Previously Euler hackers were awarded about $20 million leaving 90% of the stolen funds without liability.

After many efforts to raise support from the community and give rewards to Euler hackers, now 3000 ETH has been returned.

Previously, the project also called for hackers to return 90% and keep 10%, equivalent to nearly $20 million, as a reward. However, there was no response from hackers, so the project had to ask for help from the community with a reward of $1 million for anyone who could find the hacker’s clue.

Today, according to data released by security firm BlockSec, Euler attackers have started returning funds, and 3,000 ETH (approximately over $5 million) has been returned so far.

“We observed that the #Euler attacker 0xb66cd966670d962C227B3EABA30a872DbFb995db is returning money to Euler finance now. 3000 Ether was returning so far.

The BlockSec tweeted

However, yesterday, hacker Euler suddenly acted strangely when the transferred 100 ETH to the notorious hacker group Lazarus Group. He raised concerns about this being the culprit behind the hundreds of millions of dollars hack after last year’s Ronin hack.

As mentioned earlier, on March 13, independent security researcher CIA Officer said on Twitter that under the supervision of the BlockSec security team, the DeFi Euler Finance loan agreement was hacked with the amount is about $197 million, consisting of 8,877,507.35 DAI, 849.14 WBTC, 34,413,863.42 USDC, and 85,818.26 stETH.

In June of last year, Euler Finance, an Ethereum-based lending arrangement, completed funding of $32 million. Haun Ventures led the investment, and Variant, FTX Ventures, and Jump Crypto participated.

A DAO will be launched later this year, Euler said, allowing users to exercise administrative rights over Euler Finance’s development and operations and decide how their community funds will be spent.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Foxy

Coincu News