The most significant decentralized finance (DeFi) hack of 2023 so far was the most recent incident that stole $197 million from Euler Finance. This may not last for very long, though, as the hacker allegedly had a change of heart.
On March 18, almost 3,000 Ether ($5.4 million) were sent from the hacker’s address to the deployer address of Euler Finance. PeckShield, a blockchain investigator, found three transactions that were utilized to send the funds.
It was verified that the hacker made one transaction of 1,000 ETH to Euler’s deployer account. The likelihood that the hacker will return the entire $197 million harvest, however, is still rare because no additional outbound transactions were visible at the time of writing.
Euler finance hack
A $1 million prize was made public by Euler Finance on March 16 in an effort to find the hacker and recover the funds. Over a series of transactions, the exploiter was able to steal $197 million. Later, the funds were moved from the BNB Chain to Ethereum using a multichain bridge.
The stolen funds were deposited into the cryptocurrency mixer Tornado Cash soon after a $1 million reward was announced.
Cryptopolitan recently covered that the hacker who recently stole millions from the platform had been been given an ultimatum of 24 hours to restore 90% of the funds or face legal consequences.
