Key Points:
The attacker returned 51,000 ether worth about $89 million to Euler Finance, but some Ethers are still remaining in the exploiter account. The Euler attacker’s identity remains unknown, and whether the attacker will return the remaining funds is unclear.
Previously, the exploiter had returned 3,000 ether (ETH) worth about $5.4 million to the DeFi lending protocol, according to tweets from on-chain sleuth ZachXBT.
Euler Finance, a decentralized finance (DeFi) protocol that offers on-chain lending services has reportedly been attacked. The blockchain security firm BlockSec monitored the situation and suspects over $197 million or more may have been stolen in the attack. The Euler attacker drained $136 million of staked ether (stETH), $34 million of USDC, $19 million of wrapped bitcoin (WBTC), and $8.8 million of DAI from the protocol.
The attack on Euler Finance highlights the ongoing security concerns in the DeFi space, where smart contracts are vulnerable to exploitation by hackers. According to the latest analysis, there has been a loss of the following data:
In response, Euler Finance offered the attacker a 10% bounty ($19.7 million) to return the remaining 90% of the stolen funds. The attacker was warned that if the funds were not returned within 24 hours, Euler Finance would launch a $1 million reward for information that would lead to their arrest and the return of all funds.
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
Thana
Coincu News
Best Cryptos to Invest in December 2024: Qubetics surges past $2.6M, Solana’s whale pump ignites…
As Bitcoin reaches unprecedented heights and the market surges, he's highlighting five altcoins poised for…
With the crypto market reaching new peaks, many are eager to discover digital currencies poised…
XYZVerse, blending sports passion with meme energy, is set to make a significant impact, uniting…
Will Bitcoin Crash?" seems to be one of the most controversial questions, as the price…
There’s always that one coin people wish they hadn’t overlooked. For many, Cosmos ($ATOM) is…
This website uses cookies.