DeFi

Euler finance hacker moves stolen fund as protocol offers $1M bounty

Euler Finance hacker has began transferring among the stolen funds by means of sanctioned mixing protocol Twister Money, in line with on-chain information.

Blockchain analytics agency PeckShield reported that the hacker moved 1000 Ethereum (ETH) into the Twister Money mixer by means of an middleman deal with ā€œ0xc66d…c9a.ā€

The agency added that the hacker nonetheless holds 1,500 ETH — roughly $2.47 million — on the identical deal with.

Blockchain safety agency Certik corroborated Peckshield’s report, including that the ā€œ0xc66dā€ deal with is labeled as Fake_Phishing76535 on Etherscan.

Euler affords $1 million bounty

In the meantime, Euler Labs has offered a $1 million reward to anybody who can present data that would result in the retrieval of the stolen funds and the hacker’s arrest.

The protocol has arrange a bounty restoration fund — the deal with has been funded with $1 million USDC as of press time.

Earlier than then, the decentralized finance (DeFi) protocol had provided the hacker 10% of the funds by means of an on-chain message. The protocol warned {that a} refusal may result in the ā€œarrest and the return of all funds.ā€

Euler customers beg attacker for refund

In the meantime, the attacker confirmed kindness by sending 100 ETH — $166,000 — to an Euler consumer who mentioned the exploit robbed him of his 78 wstETH life financial savings on the protocol.Ā ā€œYou may’t think about the mess I’m into proper now, fully destroyed,ā€ the consumer added.

The transfer has attracted a number of others begging the attacker for a refund. One of many on-messages reads:

ā€œYou’re a legend. Congratulations in your large win. I had cash that my spouse and I desperately wanted for a home invested in Euler. My spouse goes to kill me if we will’t afford our home.ā€

The attacker’s motion has elicited a number of speculations from the neighborhood, which argues that this reveals that there are hopes for funds restoration



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