The hacker behind the $196 million exploit on lending protocol Euler Finance has returned nearly all of the stolen property, based on on-chain knowledge.
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. Previously, on March 18, the hacker despatched 3,000 ETH to the protocol, value practically $5.4 million on the time. The exploiter nonetheless controls among the stolen property.
the euler exploiter has returned 51k ETH ($90m)
https://t.co/RooIjugGsd
— ekin (@eking0x) March 25, 2023
On March 13, the hacker carried out a number of transactions stealing practically $196 million from the protocol in a flash mortgage assault, dubbed the most important DeFi hack of 2023 up to now. Stolen property embrace 8.8 million DAI, 849,000 wBTC, 85 million stETH, and 34 million USDC stablecoin.
A number of days after the hack, the exploiter despatched an on-chain message to Euler calling for an settlement with the protocol. “We want to make this easy on all those affected. No intention of keeping what is not ours. Setting up secure communication. Let us come to an agreement,” they stated.
Related: Euler assault causes locked tokens, losses in 11 DeFi protocols, together with Balancer
The protocol had beforehand tried to barter with the exploiter, requesting that they return 90% of the funds they stole inside 24 hours, and in any other case they might face authorized motion. No response was acquired, and 24 hours later Euler provided a $1 bounty reward for any data resulting in the seize of the exploiter.
Other transactions have been made by the hacker, together with a switch of 1,000 nETH, 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 sent to a pockets deal with doubtless 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 savings.”
