The hacker behind the biggest DeFi exploit of 2023 continues to exhibit controversial behavior, as this time he returned the majority of the stolen funds to Euler Finance.
In two separate transactions, the author returned over $100 million worth of ETH to the protocol.
- CryptoPotato reported the flash lending attack, which took place earlier in March, which saw $198 million worth of USDC, staked ether, shrouded BTC, and DAI siphoned off the DeFi lending protocol. Later reports suggested that this vulnerability was evident for more than eight months before the exploit.
- The team behind the project offered the attacker a $20 million bounty, which they rejected, and began laundering some of the profits through TornadoCash.
- Interestingly, the attacker returned funds to an Euler user who complained on Twitter. Shortly after, the attacker also returned Ether to the DeFi protocol, while reports suggested they might be linked to the notorious Lazarus group.
- Other on-chain data from this weekend shows that the hacker made two separate transactions returning over $104 million worth of ETH to Euler Finance.
- THE First of all was completed on March 25, during which they returned 51,000 ETH. The second, which happened a few hours later, saw the return of another 7,737 ETH.
- The decision to return the majority of the funds had a positive impact on the protocol’s native EUL token, which rose by more than 35% on a 24-hour scale.
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