Euler Finance hacker starts returning stolen Ether

Euler Finance hacker starts returning stolen Ether

The recent attack that drained $197 million from Euler Finance was dubbed the biggest decentralized finance (DeFi) hack of 2023 so far. However, this may not hold for much longer as the hacker reportedly h a change of heart.

On March 18, roughly 3,000 Ether (ETH) ($5.4 million) were returned to Euler Finance’s deployer dress from the Euler Finance hacker’s dress. Blockchain investigator PeckShield identified three transactions that were used to send the funds.

— PeckShield Inc. (@peckshield) March 18, 2023

Cointelegraph confirmed that the hacker transferred 1,000 ETH per transaction to Euler’s deployer account. However, chances that the hacker will return the entire loot of $197 million remain slim, as no more outbound transactions were recorded at the time of writing.

On March 16, Euler Finance announced a $1 million reward to track down the hacker and retrieve the funds.

Today the Euler Foundation is launching a $1M reward in the hope that this provides ditional incentive for information that les to the Euler protocol attacker’s arrest and the return of all funds extracted by the attacker.

— Euler Labs (@eulerfinance) March 15, 2023

The exploiter was able to drain $197 million through multiple transactions and later used a multichain bridge to transfer the funds from the BNB Chain to Ethereum.

Related: Euler Finance hacked despite 10 audits in 2 years, says CEO

Soon after a $1 million bounty was announced, the stolen funds were moved into the crypto mixer Torno Cash.

#PeckShieldAlert @eulerfinance exploiter on the move
~1,000 $ETH into Torno Cash through intermediary dress 0xc66d…c9a

— PeckShieldAlert (@PeckShieldAlert) March 16, 2023

Euler Finance demanded that the hacker return 90% of the funds within 24 hours to avoid possible jail time.

ARTICLE: Euler Finance hacker starts returning stolen Ether
PUBLISHED: 2023-03-18 09:04:00 
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