Euler Finance exploiter returns over 58,000 stolen Ether

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The hacker behind the $196 million exploit on lending protocol Euler Finance has returned the vast majority of the stolen property, in response to on-chain knowledge. 

In a transaction on March 25, the exploiter returned 51,000 Ether (ETH) value round $88 million on the time of writing. A second switch of seven,737 ETH was made on the identical day, value over $13 million. Beforehand, on March 18, the hacker despatched 3,000 ETH to the protocol, value almost $5.4 million on the time. The exploiter nonetheless controls among the stolen property.

On March 13, the hacker carried out a number of transactions, stealing almost $196 million from the protocol in a flash mortgage assault dubbed the most important decentralized finance (DeFi) hack of 2023. Stolen property embrace 8.8 million Dai (DAI), 849,000 Wrapped Bitcoin (WBTC), 85 million Staked Ether (stETH), and 34 million USD Coin (USDC).

Funds stolen from Euler Finance. Supply: BlockSec.

A number of days after the hack, the exploiter despatched an on-chain message to Euler calling for an settlement with the protocol. “We want to make this easy on all those affected. No intention of keeping what is not ours. Setting up secure communication. Let us come to an agreement,” they mentioned.

Associated: Euler assault causes locked tokens, losses in 11 DeFi protocols, together with Balancer

The protocol had beforehand tried to barter with the exploiter, requesting that they return 90% of the funds they stole inside 24 hours or face authorized motion. No response was acquired, and 24 hours later, Euler provided a $1 million bounty reward for any info resulting in the seize of the exploiter.

The hacker has made different transactions, together with a switch of 1,000 ETH Sensible Staking (NETH), value roughly $1.65 million on the time, by way of sanctioned crypto mixer Twister Money.

In accordance to blockchain analytics agency PeckShield, round 100 ETH was despatched to a pockets tackle doubtless owned by one of many victims. An on-chain message despatched by the pockets tackle had earlier pleaded for the attacker to return their “life financial savings.“