Euler Finance Attacker Returns 3000 ETH From Stolen Funds, EUL Rises 80%

Euler Finance exploiter sent 3000 Ethereum (price $5.4 million) to the Euler deployer tackle in batches of 1000 ETH on March 18, based on on-chain recordsdata.

Blockchain analytical firm Arkham intelligence reported the transactions. The firm added that the person that received 100 ETH from the exploiter also returned the extra to the DeFi project’s deployer tackle.

Euler Exploiter Transactions
Euler Exploiter Transactions (Supply: Arkham Intelligence)

The project developer Euler Labs used to be yet to comment on the returned funds as of press time.

Euler Exploiter Transactions Sends Mixed Alerts

Since the March 13 exploit, the hacker has implemented a series of weird transactions, including returning 100 ETH to an particular person and sending a an identical quantity to the Ronin Bridge hacker.

The transactions to the Ronin Bridge hacker birthed speculations that the hack might well additionally merely be connected to the North Korean-backed hacker community Lazarus. On the opposite hand, on-chain sleuth ZachXBT posited that the hackers agree with been “trolling with that transaction.”

They agree with been trolling with that transaction to Lazarus

— ZachXBT (@zachxbt) March 18, 2023

At the same time, the hackers agree with also tried to obfuscate their transactions by sending 1000 ETH by the Twister Money mixer on March 16. These transactions agree with sent mixed signals about the hacker’s intentions, with many arguing that he’s prepared to attain again the funds while others argue in inequity.

In the period in-between, the DeFi protocol has offered a $1 million bounty to somebody that offers recordsdata that leads to the hacker’s arrest and the stolen funds’ return. Euler Labs CEO Michael Bentley tweeted that he would never forgive the hacker since the incident has made him sacrifice the time he should always tranquil utilize with his newborn son.

The Euler Foundation has launched a $1M reward for any recordsdata that leads to the identification and arrest of the attacker. While you occur to stumble upon any clues on chain, Discord, Telegram, Twitter, or GitHub, please half them.

— Michael Bentley (@euler_mab) March 16, 2023

EUL token Rallies 80%

Euler Labs’ EUL token has risen by bigger than 76% in the last 24 hours to $3.15 on the time of writing, based on BeInCrypto recordsdata. The EUL token had plunged by bigger than forty eight% following the March 13 exploit.

Euler EUL Mark Performance
EUL Mark Performance (Supply: BeInCrypto)

On the opposite hand, the most modern market rally has improved sentiments surrounding the token. Over the last 24 hours, Bitcoin has risen above $27,000 while assorted digital assets love Ethereum agree with also grown by bigger than 5%.


All of the tips contained on our web scheme is revealed in factual faith and for traditional recordsdata purposes only. Any trip the reader takes upon the tips chanced on on our web scheme is precisely at their very agree with threat.

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