Euler Attacker Returns Majority Of Assets In Flash Loan Exploit

Crypto News: Decentralized finance (DeFi) platform Euler Finance, which suffered a $196 million exploit earlier in March 2023, appears to have received a majority of the lost assets. According to latest reports, the Euler hacker returned as much as 51,000 ETH on Saturday although some of the assets are still lying with the exploiter. Around March 13, 2023, the exploiter stole the assets with a majority of them in stETH. The assets were distributed as $8.7 million in DAI, $18.6 million in wBTC, $135.8 million in stETH as well as $33.8 million in USDC stablecoin.

Also Read: Massive ETH Accumulation By Crypto Whales Ahead Of Ethereum Shanghai Upgrade

The exploit was said to be the largest in DeFi space in 2023 so far. This came at a time when the global banking sector was facing a tough time thanks to the bank crisis although news in the crypto market has been quite positive with a Bitcoin price rally. Earlier, CoinGape reported that the exploiter used flash loans to steal the assets. Audit platform BlockSec said the attacker returned a majority of the assets lost by Euler Finance.

“Euler exploiter just returned 51000 Eth to Euler finane. Still some Ethers are remaining in the exploiter account.”

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Anvesh Reddy

Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1400 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at [email protected] or x.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/

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