Finally, Euler Finance hacker returns 90% of stolen funds


The exploiter behind Euler Finance returned $101 million worth of Ethereum (ETH) but still controls a significant amount of funds that he stole from the lending protocol. 

Euler is a non-custodial DeFi protocol on Ethereum that allows users to lend and borrow almost any crypto asset. On 13 March 2023, this protocol was exploited by an unknown hacker. The hacker used the flash loan technique to trick the platform and stole around $196 million worth of crypto assets.

On 25 March 2023, the Euler Finance hacker returned 51,000 ETH, worth nearly $90 million at the current ETH trade price. 

On the same day, the hacker transferred 7,737 ETH ($13 million). Earlier this, on 18 March, hackers sent 3,000 ETH ($5.4 million). 

So far, the hacker returned around 90% of the total funds that he stole 2 weeks ago from this Defi protocol but still holds a big amount of money. 

In the initial days of this incident, the Euler Finance team warned to take legal action and also announced a $1 million bounty reward to the informers to catch the hacker. 

Just a couple of days ago, through a on-chain message, the hacker said that he doesn’t want to keep all these funds as these are not his funds and confirmed that he will release the funds with the proper agreement.

Crypto analytic platform Peckshield noted that the hacker sent 100 ETH to a victim of this hack attack, as the victim begged him for money which was his life savings.

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