According to blockchain security firm BlockSec, Euler Labs was robbed of $177 million in four transactions.
Smart Contract Audit Corporation Added Two more attack transactions resulted in a total loss of $197 million.
according to google document According to the company, the malicious player has stolen $8.76 million worth of DAI, $33.85 million USDC, 849 wrapped Bitcoins (WBTC) worth $18.5 million, and 85,817 $135.8 million worth of Bitcoin. I stole staked Ethereum (stETH).
Another on-chain data service provider Arkham Intelligence backed up BlockSec findings.
The UK-based company confirmed it was aware of the exploit.that Added:
“We are aware and our team is currently working with security experts and law enforcement agencies. We will release further information as it becomes available.”
Following the news, Euler Labs’ EUL token plunged about 48% to 3.10, according to CoinMarketCap. data.
Euler Finance provides on-chain lending services and has completed a $32 million funding round involving Coinbase and defunct crypto exchange FTX in 2022.
The post of Euler Finance EUL crashing 48% following $197 million hack first appeared on CryptoSlate.
