Ever since Euler Finance fell sufferer to the largest decentralized finance (DeFi) hack of 2023, the crypto group carefully adopted the $197 million loot on-chain — hoping to trace down the attacker. Out of the sequence of transfers made by the hacker, one transaction of 100 Ether (ETH) was allegedly despatched to an handle related to North Korea-linked actors.
Blockchain investigator Chainalysis recognized that 100 ETH from Euler’s stolen funds was transferred to an handle flagged in an older hack with hyperlinks to North Korea.
100 ETH stolen in Monday’s #Euler Finance hack have moved to an handle related to a earlier hack carried out by #NorthKorea-linked actors. This will likely imply the Euler hack is the work of #DPRK too, or might be misdirection by different hackers. We’ll share extra particulars as attainable https://t.co/DxvGsc90Z8 pic.twitter.com/5QPphNTyYY
— Chainalysis (@chainalysis) March 17, 2023
The hacker additionally transferred 3,000 ETH to Euler’s deployer account with out disclosing their intent. Nonetheless, no different transfers had been made after that on the time of writing. In each instances, it was unclear whether or not the hacker was trolling or in the event that they genuinely thought of accepting Euler Finance’s bounty reward of $20 million.
Whereas Chainalysis suspected the involvement of North Korea within the Euler Finance hack, it highlighted the opportunity of misdirection by different hackers.
Associated: Euler hacker seemingly taking their probabilities, sends funds to crypto mixer
Euler Labs CEO Michael Bentley shared his displeasure with the $197 million hack as he revealed that ten separate audits performed over two years assured its safety.
Euler has at all times been a security-minded venture. The Euler good contracts, together with the weak traces of code, had been audited.https://t.co/SvNeoKEGuY
— Michael Bentley (@euler_mab) March 16, 2023
As Cointelegraph beforehand reported, blockchain safety companies, together with Halborn, Solidified, ZK Labs, Certora, Sherlock and Omnisica, performed good contract audits on Euler Finance from Could 2021 to September 2022.
