{"id":46858,"date":"2023-03-19T09:23:40","date_gmt":"2023-03-19T13:23:40","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=46858"},"modified":"2023-03-19T09:45:08","modified_gmt":"2023-03-19T13:45:08","slug":"euler-finance-exploiter-gives-back-3000-eth-worth-5-4m","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/euler-finance-exploiter-gives-back-3000-eth-worth-5-4m\/","title":{"rendered":"Euler Finance exploiter gives back 3,000 ETH worth $5.4m"},"content":{"rendered":"\n

Euler Finance received 3,000 ETH worth $5.4m back from the Euler Financial exploiter<\/a>, indicating a possible agreement between the platform and the hacker.<\/p>\n\n\n\n

\"Euler
Euler Finance exploiter gives back 3,000 ETH worth $5.4m<\/figcaption><\/figure>\n\n\n\n

On March 18, the Euler Finance exploiter sent around 3,000 ETH ($5.4m) to the deployer address of the site. PeckShield, a blockchain investigator, found three transactions that were used to transmit money.<\/p>\n\n\n\n

\n

\ud83d\udc40 https:\/\/t.co\/4OBksAu9od\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> pic.twitter.com\/Zb3MIyex2f<\/use><\/svg><\/span><\/a><\/p>— PeckShield Inc. (@peckshield) March 18, 2023<\/use><\/svg><\/span><\/a><\/blockquote>

On March 13, Euler Financial was the target of a flash loan assault in which the hacker made off with $197 million. Four transactions totaling $136 million staked ether (stETH), $34 million USDC, $19 million wrapped bitcoin (WBTC), and $8.7 million DAI were used to steal the money.<\/p>\n\n\n\n

By using a flash loan to influence the protocol's internal marketplaces, the attacker depleted their financial resources.Eventually, the hacker sent $1.80 million worth of stolen funds\u2014or 1,100 ETH\u2014to the cryptocurrency mixer Tornado Cash<\/use><\/svg><\/span><\/a>.<\/p>\n\n\n\n

On March 14, the protocol offered the exploiter a 10% prize in exchange for returning 90% of the stolen money. However, it issued a warning that it would provide a $1 million reward for information that would result in their capture and the recovery of all monies if the funds were not returned within 24 hours.<\/p>\n\n\n\n

Attacker transfers money to Lazarus Group, According to Lookonchain, the hacker delivered 100 ETH ($170,500) on March 17 to a wallet linked to the Lazarus Group's Ronin, a North Korean hacking squad<\/a>. It is unknown if Lazarus Group is a complicit party or affiliated with the Euler Financial abuser.<\/p>\n\n\n\n

\n

https:\/\/t.co\/f1Ba0Il3mG<\/use><\/svg><\/span><\/a><\/p>— \ud83e\udee1 \u064b (@cryptyo) March 18, 2023<\/use><\/svg><\/span><\/a><\/blockquote>

Lazarus Group was added to the list of entities with special designation by the U.S. Treasury Department<\/a> in April 2022.Unknown is if the attacker intends to return the remaining money.<\/p>\n","protected":false},"excerpt":{"rendered":"

Euler Finance received 3,000 ETH worth $5.4m back from the Euler Financial exploiter, indicating a possible agreement between the platform and the hacker. On March 18, the Euler Finance exploiter sent around 3,000 ETH ($5.4m) to the deployer address of the site. PeckShield, a blockchain investigator, found three transactions that were used to transmit money. […]<\/p>\n","protected":false},"author":43,"featured_media":46860,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[11476],"tags":[13744,12002,12490],"class_list":["post-46858","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hacks-and-scams","tag-euler-finance","tag-hacks","tag-scams-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/03\/croc_1679174493785.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/46858","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=46858"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/46858\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/46860"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=46858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=46858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=46858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}