The current attack that drained pipes $197 million from Euler Financing was called the most significant decentralized financing (DeFi) hack of 2023 up until now. Nevertheless, this might not hold for a lot longer as the hacker apparently had a change of mind.
On March 18, approximately 3,000 Ether (ETH) ($5.4 million) were gone back to Euler Financing’s deployer address from the Euler Financing hacker’s address. Blockchain detective PeckShield recognized 3 deals that were utilized to send out the funds.
— PeckShield Inc. (@peckshield) March 18, 2023
Cointelegraph verified that the hacker moved 1,000 ETH per deal to Euler’s deployer account. Nevertheless, possibilities that the hacker will return the whole loot of $197 million stay slim, as say goodbye to outgoing deals were tape-recorded at the time of composing.
On March 16, Euler Financing revealed a $1 million benefit to locate the hacker and obtain the funds.
Today the Euler Structure is releasing a $1M benefit in the hope that this offers extra reward for info that causes the Euler procedure assailant’s arrest and the return of all funds drawn out by the assailant.
— Euler Labs (@eulerfinance) March 15, 2023
The exploiter had the ability to drain pipes $197 million through numerous deals and later on utilized a multichain bridge to move the funds from the BNB Chain to Ethereum.
Related: Euler Financing hacked regardless of 10 audits in 2 years, states CEO
Right After a $1 million bounty was revealed, the taken funds were moved into the crypto mixer Twister Money.
#PeckShieldAlert @eulerfinance exploiter on the relocation
~ 1,000 $ETH into Twister Money through intermediary address 0xc66d … c9ahttps:// t.co/ LAkY66YpoF pic.twitter.com/0XhQV1nbgn
— PeckShieldAlert (@PeckShieldAlert) March 16, 2023
Euler Financing required that the hacker return 90% of the funds within 24 hr to prevent possible prison time.