No precedent is being set
As noble as the plans by the Euler exploiters is to return the stolen funds, they will not be setting any major precedent as other hackers have walked a similar path. First was the Poly Network hacker who stole andmore than $600 million back in 2020. After a productive engagement with the team, he returned all of the stolen funds and was paid the associated bounty.
Mango Market exploiter Avraham Eisenberg also returned about $67 million of the more than $110 million stolen from the platform. He self-appropriated about $47 million meant for bounty, and he is currently proving that his actions are justified in an indictment brought on by the U.S. SEC and CFTC.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Euler Finance hacker sends 100 ETH to red-flagged North Korean addressConcurrently, the hacker also transferred 3,000 ETH to Euler’s deployer account without disclosing their intent cost of NK visa : 100 ETH DegenSpartan Really? You don’t know what this means? Why no one sending anything to my wallet Haan? 😂
Source: Cointelegraph - 🏆 562. / 51 Read more »
$200M Euler Finance DeFi Exploit May Have Been North Korea's Lazarus Group | CoinMarketCapThe decentralized finance project was hit for $197 million by a flash loan attack that worked through the North Korean-favored Tornado Cash mixer sanctioned by the U.S. Treasury last year. Don't be fooled, it's most likely our government pretending that foreign countries did it. More money laundering. This seems to happen quite a bit and this way nobody is held accountable. Thanks a millon, Lol first comments I've seen are hackers or scammers. Be safe out there more traps than a mario game!
Source: CoinMarketCap - 🏆 290. / 63 Read more »
Euler Finance to enter talks with exploiter over the return of fundsEuler is now hoping to reach an agreement in private with the hacker who exploited $196M funds from an Euler smart contract after a series of on-chain messages suggests that the hacker wants to return the funds and reach an agreement. This past few months I must say has been the best I've had for a while now. I've heard of crypto but was too scared to get involved until I met anthonybouc1 who helped me understand the pros and cons of crypto trading which I've earned over 1BTC from the market. Hello Friends! I receive USDT Donations in my wallet 0x48855af214feeccd6e0b6944310c675d5df1c3bb RED Ethereum ERC20 THANK YOU 😊 GOD BLESS YOU AND MULTIPLY Can't wait for Euler to give the infamous flash loan exploiter the wave of approval they obviously deserve. 🙄
Source: Cointelegraph - 🏆 562. / 51 Read more »
UBS acquiring Credit Suisse is 'no bailout': Swiss finance ministerUBS acquiring Credit Suisse is 'no bailout' says Swiss finance minister — but top economist Mohamed El-Erian disagrees
Source: BusinessInsider - 🏆 729. / 51 Read more »
Switzerland's secretive Credit Suisse rescue rocks global financeDays before a hastily convened press conference late on Sunday that would make the world's front pages, Switzerland's political elite were secretly preparing a move that would jolt the globe. One money laundering bank bailing out the other. Swiss banking was created to hide nazi German funds ! The system is cracking with just two big banks, and one just crumbled ! Bond holders should have read the small print. UBS has the same small print.
Source: Reuters - 🏆 2. / 97 Read more »