Euler Finance Lets Users Redeem Recovered Funds Following $200M Theft

for recovered funds to its users Wednesday at 2:00 UTC, allowing users to claim the capital they have in the protocol almost a month after the protocol suffered a flash loan exploit.

Users are able to redeem their share of recovered funds, which stand at 95,556 ether and $43 million of the DAI stablecoin, collectively worth about $223 million based on current prices. The price of EUL, the native governance token of the Euler Protocol, has increased 2.5% in the past 24 hours, but has slid 9.4% in the past week, per

eulerfinance It's good to see eulerfinance taking steps to rectify the aftermath of the exploit by allowing users to claim their capital for the first time since the incident. Let's hope this move will help regain trust and rebuild the platform's reputation.

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Euler Finance Community Weighs Plan to Return Money Recovered From $200M HackCommunity members of DeFi lending protocol eulerfinance are assessing a proposal that lets users redeem their capital that had been lost – but was then recovered – in last month’s hack. reports eulerfinance very good news ! eulerfinance Nanomatic ✊ eulerfinance I'm really grateful to Starlatrading . A lot of investors keep saying reach out to her, I eventually did and it turns out to be absolutely true and legit , got $20,000 after investing 2000usd , I suggest you contact her if you're looking for a legit platform to invest
Source: CoinDesk - 🏆 291. / 63 Read more »