Euler Finance: Hacker steals around $197M in 2023’s largest hack

Crypto analytic firm Meta Sleuth

on Twitter that the attack was related to the deflation attack from a month ago. The hacker launched the attack today by using a multi-chain bridge to transfer funds from the BNB Smart Chain to Ethereum.that the movement of funds and nature of the attack appears to be very similar to black hats who exploited a BSC-based platform in February. The funds were transferred to Tornado Cash after exploiting a protocol on BSC a few weeks ago.

Last year, Euler Finance raised $32 million from San Francisco-based VC firm Haun Ventures in a funding round in which FTX, Coinbase, Jump, Jane Street, and Uniswap participated. Euler Finance has become well-known over the year for its liquid staking derivatives services. These tokens allow investors to boost their potential returns by unlocking liquidity for staked cryptocurrencies such as Ethereum.Largest crypto hack of 2023Decentralized finance exploits occur when hackers take advantage of an open-source platform’s code to gain unauthorized access to its assets and exploit them. DeFi attacks are one of the most serious issues confronting the crypto industry.

DeFi protocols as victims accounted for 82.1% of all cryptocurrency stolen, that is, a total of $3.1 billion, by hackers in 2022.Subscribe to get it daily in your inbox.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

U.K. finance minister and Bank of England work to contain Silicon Valley Bank falloutMinistry of finance says that the issues affecting Silicon Valley Bank were specific to it and did not have implications for other banks operating in Britain Conservatives always have money for Big Business when they get in trouble but none for the front line workers in the Health Care system
مصدر: globeandmail - 🏆 5. / 92 اقرأ أكثر »

China unexpectedly retains central bank chief, finance ministerBeijing opts for a measure of continuity in core policymaking positions as the world’s second-largest economy faces stiff challenges at home and abroad
مصدر: globeandmail - 🏆 5. / 92 اقرأ أكثر »

Uniswap, Curve Finance, SushiSwap make a killing amidst market uncertaintyThe total DEX trading volume surged to a four-month high of $15.12 billion on 11 March. Total fees collected on Uniswap hit its highest value since 10 May. Decentralized exchanges (DEXes) registered an exponential rise in trading activity in the last 24 hours after the collapse of Silicon Valley Bank (SVB) triggered FUD in the […]
مصدر: CryptoAmb - 🏆 22. / 68 اقرأ أكثر »