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Euler Finance blocks vulnerable module, working on recovering funds

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Euler Finance token vulnerability that led to the biggest exploit of 2023 was not detected by auditors and remained on-chain for eight months.

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The last Euler upgrade audit was done by sherlockdefi. Some reconciliation is that they insure audited smart contracts and were able to pay out 4.5 million USD to Euler. It’s unfortunate that it pales against the size of the hack

Wow. It is too much for them

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auditors are all joke

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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 »