Euler Finance To Offer $1M Reward as It Reels From Nearly $200M Exploit

Decentralized lending protocol Euler Finance will offer a $1 million reward for information about the attackers behind its nearly $200 million exploit that occurred Monday.sent from Euler's deployer contracts, developers said:"Following up on our message from yesterday. If 90% of the funds are not returned within 24 hours, tomorrow we will launch a $1M reward for information that leads to your arrest and the return of all funds.

The move followed another message to the exploiters in late U.S. hours on Monday."We understand that you are responsible for this morning's attack on the Euler platform. We are writing to see whether you would be open to speaking with us about any potential next steps," developers said. The lending protocol suffered an exploit on Monday that resulted in almost $200 million being lost over four transactions in dai , wrapped bitcoin , staked ether and USDC.

The attacker used a flash loan to conduct the attack by temporarily tricking the protocol into falsely assuming it held varying amounts of eToken and dToken, asEuler's native EUL tokens continued sliding for the second day, falling 16% in the past 24 hours, CoinGecko data shows.

eulerfinance shauryamalwa and yet DeFI is the future...90% of it has been scams or shitty projects with exploits. Bitcoin

eulerfinance shauryamalwa Xircus is the most promising and successful project so far! I advise everyone to join. It is a potential and innovative project with detailed and long-term development plans. XircusWEB3 XircusWEB3 nft web3 BUIDL Cryptocurrency NFTMarketplace DeFi blockchain dApps

eulerfinance shauryamalwa Seems very decentralized

eulerfinance shauryamalwa Shit

eulerfinance shauryamalwa Lol that’s not how you negotiate. Hackers will laugh their asses off now

eulerfinance shauryamalwa 1M that is nice he will be thinking about it if he delivers don't forget to send me half a million I'm OK with that not 1M is to much for me.

eulerfinance shauryamalwa $jup

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