a stern warning to the hacker who stole $200 million of users' funds by using flash loan attacks on the protocol. The team behind Euler Finance has announced that it is ready to put up a $1 million bounty on the hacker for any information that will lead to the arrest of theThe announcement comes after Euler Finance was exploited for $197 million in stETH, wstETH, WBTC, USDC, DAI and WETH. After the hacker's withdrawal, the protocol was left with very few tokens.
1/10 The recent exploit of Euler protocol caused the loss of $197M worth of stETH, wstETH, WBTC, USDC, DAI, and WETH. Let's examine the initial red flags of the exploit and how it was executed by using the Risk Radar for Euler:
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Euler Finance flash-loan attacked for an estimated $197 millionLending protocol Euler Finance was hit by a flash-loan attack, resulting in the loss of $197 million in various crypto assets.
Source: CryptoPanicCom - 🏆 563. / 51 Read more »
Hackers Pillage $197 Million in Crypto From Euler Finance2023 is off to a rough start for the web3 world as another couple hundred million in assets goes up in smoke amid a bankruptcy panic.
Source: Gizmodo - 🏆 556. / 51 Read more »
Euler Finance's offer to hacker: Keep $20M or face the lawEuler Labs sent an on–chain threat to the hacker of its protocol demanding they return 90% of the stolen funds or they’ll post a bounty for information that'll lead to their arrest. Notrh korean hackers: 0xbeaconglobal nice
Source: Cointelegraph - 🏆 562. / 51 Read more »
Euler Finance hacked for over $195M in a flash loan attackEuler Finance is currently under a flash loan attack and the exploiter has managed to drain nearly $196 million in DAI and various other ERC-20 synthetic tokens. perfect! Shit like this is why crypto struggles with broader adoption. 🧐
Source: Cointelegraph - 🏆 562. / 51 Read more »
Euler Finance flash-loan attacked for an estimated $197 millionLending protocol Euler Finance was hit by a flash-loan attack, resulting in the loss of $197 million in various crypto assets. Bitcoin's CEO: Thats why you never must trust third party 👀
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Euler Finance blocks vulnerable module, working on recovering fundsSherlock noted that the Euler audit by WatchPug in July 2022 missed the critical vulnerability that eventually led to the exploit in March 2023. auditors are all joke $HAI hackenclub hackenai ...🤩🤩 UnilayerNetwork provides a native way for different blockchains to communicate, share liquidity and help each other improve, facilitating mutual compatibility and progress. Learn more on this Twitter space
Source: Cointelegraph - 🏆 562. / 51 Read more »