Home CryptocurrencyAltcoin Hacker Euler Finance starts returning stolen Ether

Hacker Euler Finance starts returning stolen Ether

by SuperiorInvest

That recent attack drained $197 million from Euler Finance was called the greatest decentralized finance (DeFi) so far the hack of 2023. However, that may not be long as the hacker has reportedly changed his mind.

On March 18, roughly 3,000 Ether (ETH) ($5.4 million) were returned to the Euler Finance deployment address from the Euler Finance hacker’s address. Blockchain investigator PeckShield identified three transactions that were used to send the funds.

Cointelegraph confirmed that the hacker transferred 1,000 ETH per transaction to Euler’s deployment account. However, the chances of the hacker returning the entire $197 million loot remain slim as no further outgoing transactions have been recorded at the time of writing.

On March 16, Euler Finance announced a $1 million reward for tracking down the hacker and recovering the funds.

The exploiter was able to siphon off $197 million through multiple transactions and later used a multi-chain bridge to transfer funds from the BNB chain to Ethereum.

Related: Euler Finance hacked despite 10 audits in 2 years, CEO says

Soon after the $1 million reward was announced, the stolen funds were moved to the Tornado Cash crypto mixer.

Euler Finance demanded that the hacker return 90% of the funds within 24 hours to avoid possible jail time.

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