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The hacker behind the $196 million exploit on lending protocol Euler Finance has returned nearly all of the stolen belongings, according to on-chain information.
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 a number of the stolen belongings.
the euler exploiter has returned 51k ETH ($90m)
— ekin (@eking0x) March 25, 2023
On March 13, the hacker carried out a number of transactions, stealing nearly $196 million from the protocol in a flash mortgage assault dubbed the biggest decentralized finance (DeFi) hack of 2023. Stolen belongings embrace 8.8 million Dai (DAI), 849,000 Wrapped Bitcoin (WBTC), 85 million Staked Ether (stETH), and 34 million USD Coin (USDC).
A couple of days after the hack, the exploiter sent an on-chain message to Euler calling for an agreement with the protocol. “We wish to make this simple on all these affected. No intention of retaining what just isn’t ours. Establishing safe communication. Allow us to come to an settlement,” they stated.
Associated: Euler attack causes locked tokens, losses in 11 DeFi protocols, including 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 obtained, and 24 hours later, Euler supplied a $1 million bounty reward for any data 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 means of sanctioned crypto mixer Tornado Cash.
According to blockchain analytics agency PeckShield, round 100 ETH was despatched to a pockets deal with seemingly owned by one of many victims. An on-chain message despatched by the pockets deal with had earlier pleaded for the attacker to return their “life financial savings.“
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