Some vulnerabilities in Euler v2 were found and resolved, and a subsequent $1.25 million bug bounty contest found no vulnerabilities of medium or greater severity.
Crypto lending platform Euler Finance has announced the results of 29 audit reports from 12 different cybersecurity firms regarding its “v2” relaunch. According to the announcement, the reports show that all security issues were resolved. The protocol also held a public $1.2 million post-audit bug bounty that resulted in no medium or higher severity issues being found.
In total, more than $4 million was spent to shore up Euler’s security in anticipation of the relaunch, the announcement stated.
The previous version of Euler was exploited for $195 million in a flash loan attack on March 13, 2023. The attacker subsequently returned all of the funds.
