- They gave the hacker a day and offered to return 90% of the funds
- If he refuses, protocol will announce a reward for finding the perpetrator.
Euler Finance DeFi Protocol continues attempts to return the stolen $ 200 million. They are ready to give a reward of $ 1 million for information about the criminals responsible for the exploit.
Here is what we read in the on-chain correspondence between Euler and the hacker:
“If 90% of the funds are not returned within 24 hours, tomorrow we will offer a $1 million reward for information that will help arrest you and return all funds.”
Yesterday the parties were in active communication. Euler Finance asked the hacker to discuss possible ways out of the situation.
Recall that the protocol based on Ethereum fell victim to the attack of flash loans. The attacker managed to withdraw more than $195 million in DAI, StETH WBTC cryptocurrencies. This is the biggest hack in 2023.
According to Meta Seluth analysts, the attacker used a bridge between several networks and transferred funds from BNB Smart Chain to Ethereum through it. It is also believed that the movement of funds and the nature of the hack are very similar to the attack that used the BSC-based protocol last month. After that, the funds were deposited into the Tornado Cash cryptomixer.
Euler Finance said yesterday that they are doing everything possible to return funds to customers. They work with security professionals and law enforcement to resolve the issue. Meanwhile, their EUL token continues to lose value despite the overall market growth. In a day he collapsed more than 15%.
