Euler finance hacker strikes stolen fund as protocol provides $1M bounty

by Jeremy

Euler Finance hacker has began transferring a number of the stolen funds by way of sanctioned mixing protocol Twister Money, in accordance with on-chain information.

Blockchain analytics agency PeckShield reported that the hacker moved 1000 Ethereum (ETH) into the Twister Money mixer by way of an middleman deal with “0xc66d…c9a.”

The agency added that the hacker nonetheless holds 1,500 ETH — roughly $2.47 million — on the identical deal with.

Blockchain safety agency Certik corroborated Peckshield’s report, including that the “0xc66d” deal with is labeled as Fake_Phishing76535 on Etherscan.

Euler provides $1 million bounty

In the meantime, Euler Labs has provided a $1 million reward to anybody who can present info that might result in the retrieval of the stolen funds and the hacker’s arrest.

The protocol has arrange a bounty restoration fund — the deal with has been funded with $1 million USDC as of press time.

Earlier than then, the decentralized finance (DeFi) protocol had provided the hacker 10% of the funds by way of an on-chain message. The protocol warned {that a} refusal might result in the “arrest and the return of all funds.”

Euler customers beg attacker for refund

In the meantime, the attacker confirmed kindness by sending 100 ETH — $166,000 — to an Euler person who stated the exploit robbed him of his 78 wstETH life financial savings on the protocol. “You may’t think about the mess I’m into proper now, fully destroyed,” the person added.

The transfer has attracted a number of others begging the attacker for a refund. One of many on-messages reads:

“You’re a legend. Congratulations in your massive win. I had cash that my spouse and I desperately wanted for a home invested in Euler. My spouse goes to kill me if we are able to’t afford our home.”

The attacker’s motion has elicited a number of speculations from the neighborhood, which argues that this reveals that there are hopes for funds restoration



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