Euler Finance hacker has begun transferring assets to the cryptocurrency mixer Tornado Cash hours after a $1 million reward was offered for information leading to the perpetrator’s identification.
PeckShield, a blockchain analytics company, tweeted on March 16 that the perpetrator of the flash loan attack on Ethereum’s noncustodial lending protocol was “on the run.”
The hacker moved one thousand Ether, or around $1.65 million, through the authorized cryptocurrency mixer Tornado Cash.
That comes only hours after Euler Laboratories posted a $1 million prize for information leading to “the arrest of the Euler protocol attacker and the restitution of the stolen monies.”
A day ago, Euler issued an on-chain message to the exploiter’s address, threatening to launch a bounty “that leads to your arrest and the recovery of all monies” if 90% of the stolen coins were not returned within 24 hours.
The transfer of cash to the cryptocurrency mixer may imply that the hacker remains unmoved by Euler’s amnesty offer.
Peckshield discovered that about 100 ETH, valued at $165,202 at the time of writing, were sent to a wallet address that likely belongs to one of the victims. An earlier on-chain message published from the wallet’s address appealed to the attacker to return their “life savings.”
This prompted a flood of further victims to submit messages to the address in the hopes of receiving their monies back.
One message indicated that they were “twenty-six families from jobless rural areas” who had lost “one million USDT in total,” adding that their portion of the stolen monies represented “decades of hard labor in factories.”
Another potential victim sent the attacker a note thanking them for their “great victory” and stating they had invested “desperately needed” monies for a property in Germany.
“My wife is going to kill me if we can’t afford our house […] Is there any way [sic] you can help me? I have no idea what to tell my wife,” they wrote.
The $196 million stolen from Euler consisted of Dai, USD Coin, staked ETH, and wrapped Bitcoin, according to on-chain statistics (WBTC).