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Euler Attacker Returns Majority Of Assets In Flash Loan Exploit


Crypto News: Decentralized finance (DeFi) platform Euler Finance, which suffered a $196 million exploit earlier in March 2023, seems to have acquired a majority of the misplaced belongings. According to newest stories, the Euler hacker returned as a lot as 51,000 ETH on Saturday though a few of the belongings are nonetheless mendacity with the exploiter. Around March 13, 2023, the exploiter stole the belongings with a majority of them in stETH. The belongings have been distributed as $8.7 million in DAI, $18.6 million in wBTC, $135.8 million in stETH in addition to $33.8 million in USDC stablecoin.

Also Read: Massive ETH Accumulation By Crypto Whales Ahead Of Ethereum Shanghai Upgrade

The exploit was stated to be the most important in DeFi area in 2023 to this point. This got here at a time when the worldwide banking sector was going through a troublesome time due to the financial institution disaster though information within the crypto market has been fairly optimistic with a Bitcoin value rally. Earlier, CoinGape reported that the exploiter used flash loans to steal the belongings. Audit platform BlockSec stated the attacker returned a majority of the belongings misplaced by Euler Finance.

“Euler exploiter just returned 51000 Eth to Euler finane. Still some Ethers are remaining in the exploiter account.”

Also Read: Cardano Reaches Historic Milestone, Popular Analyst Predicts ADA Price To Hit $15

Anvesh stories main developments round crypto adoption and buying and selling alternatives. Having been related to the trade since 2016, he’s now a powerful advocate of decentralized applied sciences. Anvesh is at the moment based mostly in India. Reach out to him at [email protected]

The offered content material might embody the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability to your private monetary loss.



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