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.”

    Also Read: Cardano Reaches Historic Milestone, Popular Analyst Predicts ADA Price To Hit $15

    Anvesh reports major developments around crypto adoption and trading opportunities. Having been associated with the industry since 2016, he is now a strong advocate of decentralized technologies. Anvesh is currently based in India. Reach out to him at [email protected]

    The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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