Breaking: 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
- Is Changpeng “CZ” Zhao Returning To Binance? Probably Not
- Ripple-Backed Evernorth XRP Treasury’s Holdings Reach $1B Ahead of Nasdaq Listing
- Crypto Market Rally: BTC, ETH, SOL, DOGE Jump 3-7% as US China Trade Talks Progress
- Indian Court Declares XRP as Property in WazirX Hack Case
- Ethereum Supercycle Strengthens as SharpLink Gaming Withdraws $78.3M in ETH
- Analyst Eyes Key Support Retest Before a Rebound for Ethereum Price Amid $93M ETF Outflows and BlackRock Dump
- Bitcoin Price Eyes $120K Ahead of FED’s 98.3% Likelihood to Cut Rates
- PEPE Coin Price Prediction as Weekly Outflows Hit $17M – Is Rebound Ahead?
- HBAR Price Targets 50% Jump as Hedera Unleashes Massive Staking Move
- Chainlink Price Outlook: Analyst Predicts $100 as Reserve Adds 63K LINK
- SUI Price Prediction as TVL and Monthly DEX Volume Hit All-Time Highs- What’s Next?
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.
