NewsletterBreaking: Euler Finance 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.”
Also Read: Cardano Reaches Historic Milestone, Popular Analyst Predicts ADA Price To Hit $15
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Eric Trump Says Now Is a Great Time to Buy Bitcoin Amid Crypto Crash
- Dogecoin, Cardano, Shiba Inu Eye Wider Adoption as Coinbase Announces Perpetual-Style Futures
- Solana News: SOL’s Supply Could Drop Twice as Fast as Disinflation Proposal Goes Live
- Trump Tariffs: White House Prepares Plan B as Crypto Market Awaits Supreme Court Ruling
- Michael Saylor’s Strategy Hints It Will Keep Buying Bitcoin, Citing 2022 Bear Market Playbook
- Here’s Why XRP Price Will Hit $3 This Week
- Zcash Price Soars 10% as OKX Eyes ZEC Relisting
- WLFI Price Soars 17%: What’s Fueling the Surge?
- Dogecoin Price Eyes $0.2 Rally Ahead of Grayscale’s NYSE ETF Debut on November 24
- Crypto Market Eyes Major Rebound as Fed Rate Cut Chances Rise to 71%
- Dogecoin Price Finds Support: Can the 21Shares & Grayscale DOGE ETFs Spark a Surge?
