ETH
by BSCN
March 27, 2023
Following a $200M attack, the hacker returned about half of the stolen funds to Euler Finance.
The hacker who used a flash loan attack to steal some $200 million from Euler Finance on March 13 has returned about half of the funds, according to on-chain data.
Multiple Twitter accounts relayed the positive news for Euler on March 25. The hacker sent 51,000 $ETH back to the permissionless lending protocol, which had sought the return of 90% of the funds and taken actions, including offering a $1 million reward for information.
After returning some of the funds, the hacker emptied their wallet, which now contains a little over 1 $ETH.
The value of Euler’s $EUL jumped by more than 50% on the news, although it retraced a bit over the weekend, according to CoinGecko.
For more information on the exploit and Euler’s response, read Twitter threads posted by Euler and its CEO Michael Bentley.
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