Euler hacker offers to negotiate return of funds
Hackers who recently abused Euler Finance are trying to arrange the return of stolen funds, as seen in on-chain messages. March 20th.
Hackers contact Euler Finance
Etherscan records show that hackers sent Ethereum transactions to Euler Finance’s deployer contract. That message is:
“We want to make this easy for everyone affected. We are not going to hold anything that is not ours. .”
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Euler Finance has not publicly acknowledged the hacker’s offer, but reports from Decrypt indicate that the company is aware of the message.
The project previously offered a $1 million bounty on March 16, requiring the attackers to return 90% of the funds within 24 hours. Euler Finance similarly attempted to communicate with the attackers on the chain.
Where are the stolen funds?
Euler Finance was originally hacked on March 13th for around $200 million. Attackers stole various cryptocurrencies including DAI, USDC, WBTC, and other assets. The project said it was aware of the hack at the time and was working with law enforcement.
A few days after the incident, on March 16, the attackers received 1,000 ETH ($1.7 million) returns a small portion of stolen funds to individual users through Tornado Cash. Then, on March 17th, the attackers received 100 ETH ($170,000) are sent to addresses associated with previous attacks carried out against the Ronin Bridge in March 2022.
Transactions Observed by Arkham Intelligence March 18th It also suggests that the attackers transferred 3,000 ETH ($5.4 million) to Euler Finance itself. These transfers, along with today’s message, suggest that the attackers are willing to cooperate.
Euler Finance is a decentralized financial lending and borrowing platform built on Ethereum.
The crisis has reduced the value of Euler Finance’s native token, but has partially recovered. The price of his EUL token for the project has increased by 30% in the last 24 hours.