Cointelegraph confirmed that the hacker transferred 1,000 ETH per transaction to Euler’s deployer account. However, chances that the hacker will return the entire loot of $197 million remain slim, as no more outbound transactions were recorded at the time of writing.
On March 16, Euler Finance announced a $1 million reward to track down the hacker and retrieve the funds. Today the Euler Foundation is launching a $1M reward in the hope that this provides additional incentive for information that leads to the Euler protocol attacker’s arrest and the return of all funds extracted by the attacker.The exploiter was able to drain $197 million through multiple transactions and later used a multichain bridge to transfer the funds from the BNB Chain to Ethereum.
if the hacker managed to withdraw ether from Euler Finance, then the site was not so secure. We have a Forsage project, it works on the principle of money immediately to a person’s account, it’s simply not possible to stealcrypto forsage busd forsagenft pumalabs
Weird flex but okay
CallistoSupport fixes that...
it's a trap..
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Euler Finance hacked despite 10 audits in 2 years, says CEOPrior to its $196 million flash-loan attack, Euler Finance was audited 10 times over the two years by six independent auditing firms which said Euler was “nothing higher than low risk.” Euler finance scammed people Whoops! Guess those 10 audits didn't hold up too well! 😉 On March 16, the protocol’s hacker began moving funds through crypto mixer Tornado Cash only hours after a $1 million bounty was launched by Euler for information leading to the hacker’s arrest.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Euler Finance hacker starts returning stolen Ether back to the FoundationThe exploiter drained $197 million through multiple transactions and later used a multichain bridge to transfer the funds from the BNB Smart Chain to Ethereum. Damnn lol maybe somebody messaged him saying 'we know it's you so if you don't return it you'll go to prison buddy' Allow me to drop this massive update for you. It's going down live with liquidlock_erc, a resounding utility with big marketing moves all lying in the atom of its greatness. 100MC incoming. Grab a bag now. Diamond hands on this🔥. LFG💪💪 $LOCK LOCK
Source: Cointelegraph - 🏆 562. / 51 Read more »
Stop Blaming Crypto for Traditional Finance FailuresAfter the recent collapse of three banks – Silicon Valley Bank, Silvergate Bank and Signature Bank – many pointed fingers at crypto as the cause. But crypto may actually be the solution, not the problem. Blockchain is future. I hope governments will soon understand this soon L'homme, par nature, craint ce qu'il ne connaît pas... Il reste encore un long chemin à parcourir pour bitcoin Web3 initiatives only seek to further the evolution of the banking systems, so we can have a more robust future! It's important the distinction be made that allows onlookers to realize what went wrong here.
Source: CoinDesk - 🏆 291. / 63 Read more »