A hacker who recently exploited Euler Finance is trying to arrange for the return of stolen funds, as seen in a chain post on March 20th.
Hacker contacts Euler Finance
Etherscan records show that the hacker sent an Ethereum transaction to the Euler Finance deployment contract. This message said:
“We want to make this easy for everyone involved. No intention of keeping what is not ours. Setting up secure communication. Let’s agree. »
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Euler Finance has not publicly acknowledged the hacker’s offer, although reports from Decrypt suggest the company is aware of the message.
The project previously offered a $1 million bounty on March 16, requiring the attacker to return 90% of the funds within 24 hours. Euler Finance also attempted to communicate with the chain attacker.
Where are the stolen funds?
Euler Finance was originally hacked on March 13 for nearly $200 million. The attacker 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.
On March 16, a few days after the incident, the attacker moved 1,000 ETH ($1.7 million) via Tornado Cash while returning a small portion of the stolen funds to an individual user. Later, on March 17, the attacker sent 100 ETH ($170,000) to an address linked to an earlier attack on Ronin Bridge in March 2022.
Transactions observed by Arkham Intelligence on March 18 also suggest that the attacker transferred 3,000 ETH ($5.4 million) to Euler Finance itself. These transfers, combined with today’s message, suggest that the striker is ready to cooperate.
Euler Finance is a decentralized lending and borrowing platform based on Ethereum.
Although the crisis caused the value of Euler Finance’s native token to drop in value, it partially recovered. The price of the EUL token of the project has increased by 30% in the last 24 hours.