Euler Finance to enter talks with exploiter over the return of funds

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 [...]

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Euler Finance suffers $197M DeFi hack

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)

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Euler Finance Suffers Flash Loan Attack, Loses Millions in Multiple Cryptocurrencies

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)

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Platypus Needs To Find $8.5 Million For Its Customers, And Fast

Platypus is working on a plan to compensate the losses its users incurred following a flash loan attack that saw the decentralized finance (DeFi) protocol [...]

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Polygon’s QuickSwap Suspends Lending Protocol After $220,000 Flash Loan Attack

The decentralized exchange said that only its lending platform Market XYZ got exploited and that no user funds were compromised.

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Euler Finance Audited 10 Times Before $196 Million Attack

Euler Finance, an Ethereum-based lending protocol, underwent 10 audits from six different firms in two years before it suffered a $196 million flash loan attack. Despite this, the audits deemed the platform "nothing higher than low risk" with "no outstanding issues." The attack prompted Euler to launch a $1 million bounty for information leading to the hacker's arrest, only for them to move the funds through crypto mixer Tornado Cash. (Read More)

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Hacker moves stolen funds after bounty launch

The hacker who stole $196 million from Euler Finance has transferred $1.65 million through Tornado Cash, after a $1 million bounty was launched. Victims pleaded for return of funds, but the hacker's move to a crypto mixer suggests they may not be swayed. On-chain data shows the stolen funds consisted of DAI, USDC, staked ETH and WBTC. (Read More)

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Euler hacker seemingly taking their chances, sends funds to crypto mixer

Before the move, the hacker apparently refunded at least one victim, leading to a slew of on-chain messages from other purported victims.

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October crypto losses reach $129M from hacks and exit scams

The biggest incidents in October included the Radiant Capital hack, a phishing attack and the hacking incident involving crypto exchange M2. 

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Crypto lender Polter Finance halts operations after $12M hack

Polter Finance suffered a $12 million flash loan hack and is now investigating stolen funds linked to Binance wallets and offering to negotiate with the attacker.

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Euler Finance Hacker Returns Stolen Funds

Euler Finance has recovered most of the funds stolen in a flash loan attack that drained millions of dollars from various tokens, including Dai and USDC. After negotiating with the hacker, Euler Finance convinced the individual to return the majority of the stolen funds, resulting in the recovery of 12 million DAI and 10,580 ETH. The crypto community has applauded Euler Finance's efforts to recover the funds and restore investor confidence. (Read More)

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Euler’s $200M Hacker Finally Returns All “Recoverable Funds”

Euler Finance hacker returned the stolen $200 million, and apologized.

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