Following the devastating Euler Finance DeFi hack, which resulted in a loss of $197 million, crypto-fans tracked the loot on-chain in an effort to uncover the perpetrator. According to Chainalysis, out of the series of transfers made by the hacker, 100 ETH was allegedly sent to an address with known links to North Korea-associated actors.
100 ETH stolen in Monday's #Euler Finance hack have moved to an address associated with a previous hack carried out by #NorthKorea-linked actors. This may mean the Euler hack is the work of #DPRK too, or could be misdirection by other hackers. We'll share more details as possible https://t.co/DxvGsc90Z8pic.twitter.com/5QPphNTyYY
The hacker transferred 3,000 ETH to Euler’s deployer account without disclosing their intent. At the time of writing, no additional transfers had been made. It is uncertain whether the hacker was acting with malicious intent or if they were indeed considering taking up Euler Finance’s generous offer of a $20 million bounty reward.
Chainalysis suspected North Korea’s involvement in the $197 million hack of Euler Finance, yet cautioned that other hackers may have been attempting to misdirect attention away from the true culprit. Michael Bentley, CEO of Euler Labs, expressed his displeasure with the breach and shared that ten independent audits carried out over two years had previously assured its security.
Euler has always been a security-minded project. The Euler smart contracts, including the vulnerable lines of code, were audited.https://t.co/SvNeoKEGuY
