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Euler's $4M investment and extensive audits highlight the increasing prioritization of security in the evolving DeFi landscape.
The post Euler allocates $4M for security, conducts 29 code audits to safeguard v2 appeared first on Crypto Briefing.
Some vulnerabilities in Euler v2 were found and resolved, and a subsequent $1.25 million bug bounty contest found no vulnerabilities of medium or greater severity.
The decentralized lending protocol Euler Finance has garnered attention as the fastest-growing lending platform in the DeFi space. Euler is known for its risk-adjusted lending design, which many in the industry consider to be its altimeter for altitude in lending activities. Eulers Avalanche performance is a remarkable stretch for adoption and activity that has been [...]
The deal was posted to both the Ethereum network and the protocol’s official Twitter channel.
The exploiter said he “f**ed up” and “didn’t want” to steal the funds.
The price of EUL, the native token of Euler Finance protocol, has started the week on a bullish trajectory. At press time, EUL was trading at $3.73, up by 5.70% in the past 24 hours. The token has hit a daily high of $3.8. EUL had dropped considerably after a hacker stole $196 million worth …
<p>The post EUL price surging after major Euler protocol news first appeared on CCNC | Cryptocurrency Newscast.</p>
The hacker behind the $196 million exploit on lending protocol Euler Finance has returned the majority of the stolen assets, including 51,000 ETH and 7,737 ETH, worth a total of over $101 million at the time of writing. The hacker still controls some of the stolen assets, and the hack is considered the largest DeFi hack of 2023. (Read More)
EUL, the native token of the DeFi lending protocol Euler Finance, is currently experiencing an impressive price rally driven mainly by news of the protocol recovering some of the stolen funds from the $200 million hack that occurred earlier this month. EUL Gains 25% In 24 Hours According to data from Coingecko, EUL is up [...]
The post Euler (EUL) Up 25% As Hacker Returns 51,000 ETH From Stolen Loot appeared first on Crypto Breaking News.
Ethereum-based lending protocol Euler Finance could be a step closer to recovering funds stolen in a $196 million flash loan attack last week, with private discussions now initiated with the exploiter. In an on-chain message to Euler on March 20, days after sending funds to a red-flagged North Korean address, the exploiter claimed they now want [...]
The post Euler Finance to enter talks with exploiter over the return of funds appeared first on Crypto Breaking News.
Decentralized finance (DeFi) protocol Euler Finance lost nearly $197 million in a flash loan attack on March 13, impacting more than 11 other DeFi protocols. The vulnerability remained on-chain for eight months despite a $1 million bug bounty in place. Euler Finance disabled the vulnerable etoken module and vulnerable donation function, and has reached out to security firms and the ETH security community to help with the investigation and recover the stolen funds. (Read More)
The hacker exploited one of Euler’s smart contracts.
Euler Finance, an Ethereum-based noncustodial lending protocol, suffered a flash loan attack on March 13, resulting in the loss of millions in Dai, USD Coin, staked Ether, and wrapped Bitcoin. The attacker stole nearly $196 million in multiple transactions, making it the largest hack of 2023. On-chain data indicates that the attack is related to a deflation attack that occurred one month ago, and the attacker used a multichain bridge to transfer funds from the Binance Smart Chain to Ethereum. (Read More)
Euler’s attackers used the loan to temporarily trick the protocol into falsely assuming it held a low amount of eToken, a collateral token issued by Euler based on whichever token is deposited on the protocol. A separate dToken, or debt token, is also issued by Euler such that an on-chain liquidation is automatically triggered when [...]
The post Euler DeFi Protocol Exploited for Nearly $200M appeared first on Crypto Breaking News.
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The post Euler DeFi Protocol Exploited for Nearly $185M appeared first on Crypto Breaking News.
Euler Finance is adding to the list of DeFi protocols getting ready for the world’s largest smart contracts network’s switch from proof-of-work (PoW) consensus mechanism to proof-of-stake (PoS) consensus, by integrating the tested and highly secure Chainlink Price Feeds on the Ethereum mainnet.
This is yet more crypto news ahead of the Ethereum Merge, with the non-custodial lending and borrowing platform that’s the latest to integrate Chainlink.
The ‘lifeblood’ of DeFiMichael Bentley, the CEO of Euler Labs commented on the integration terming price data as “the lifeblood of DeFi lending protocols.”
He also noted that Chainlink offers “the best-in-class price data infrastructure for smart contracts,” with its record in securing lending protocols proven across the industry.
For Euler, using Chainlink’s oracle network will help it tap into increased reliability and security, as well as address TWAPs (time-weighted average price) concerns after the merge.
The protocol also wants its users to benefit from direct stETH, or staked ETH, deposits on Lido Finance – allowing customers access to fresh yield from borrowings. But even with lending protections available, there’s still a lot of cautionary moves out there.
As we reported, Aave protocol elected to pause ETH borrowing ahead of the merge due to concerns around high market utilisation and potential liquidity issues.
Such concerns are expected following this summer’s crypto carnage and the sad events that surrounded the collapse of Three Arrows Capital. Troubles for the bankrupt Celsius Network and Voyager Digital spotlighted DeFi’s problems.
But as this article explains, centralised crypto companies might have failed the test, but “DeFi still works.”And that explains why many institutions are getting into the space, including an increased interest in staking on the Ethereum network. (Read here to find what Switzerland-based SEBA Bank introduced ahead of the Merge).
The post Lending protocol Euler integrates Chainlink ahead of the Merge appeared first on Invezz.
In 2021, Shiba Inu rose in ranks after initially making a name for itself as one of the most promising meme coins.
A hacker who drained $197 million from Euler Finance returned 3,000 ETH ($5.4 million) to the deployer address, following a $1 million reward announcement by Euler Finance. The attacker used a multichain bridge to transfer funds from the BNB Chain to Ethereum and moved the stolen funds into Tornado Cash before returning the funds. (Read More)
The $197 million DeFi hack on Euler Finance has been linked to North Korea after blockchain investigator Chainalysis identified that 100 ETH from the stolen funds was transferred to an address associated with North Korea-linked actors. While Chainalysis suspected the involvement of North Korea, it highlighted the possibility of misdirection by other hackers. Euler Labs CEO expressed disappointment in the hack, revealing that ten separate audits over two years assured its security. (Read More)
Crypto Token Unlocks - Unlocking over $760 million worth of various tokens this February.
The hacker who drained $197 million from Euler Finance in the biggest DeFi hack of 2023 so far reportedly returned around $5.4 million in Ether to the company. The funds were sent in three transactions from the hacker's address to Euler Finance's deployer address, but it remains to be seen if the hacker will return the rest of the stolen funds. (Read More)
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