Euler hacker offers to negotiate return of funds

A hacker who precocious exploited Euler Finance is attempting to put the instrumentality of stolen funds, arsenic seen successful an on-chain connection connected March 20.

Hacker reaches retired to Euler Finance

Records from Etherscan amusement that the hacker sent an Ethereum transaction to Euler Finance’s deployer contract. That connection read:

“We privation to marque this casual connected each those affected. No volition of keeping what is not ours. Setting up unafraid communication. Let america travel to an agreement.”

The substance tin beryllium recovered successful the input information tract and is formatted successful hexadecimal code. It lone beryllium work aft it is converted to the UTF-8 format.

Euler Finance has not publically acknowledged the hacker’s offer, though reports from Decrypt suggest that the institution is alert of the message.

The task antecedently offered a $1 cardinal bounty connected March 16, demanding that the attacker instrumentality 90% of the funds wrong 24 hours. Euler Finance likewise attempted to pass with the attacker on-chain.

Where are the stolen funds?

Euler Finance was initially hacked connected March 13 for astir $200 million. The attacker stole assorted cryptocurrencies, including DAI, USDC, WBTC, and different assets. The task said that it was alert of the hack astatine the clip and was moving with instrumentality enforcement.

On March 16, days aft the incident, the attacker moved 1,000 ETH ($1.7 million) done Tornado Cash portion besides returning a tiny information of the stolen funds to an idiosyncratic user. Later, connected March 17, the attacker sent 100 ETH ($170,000) to an code linked to an earlier onslaught that was carried retired against Ronin Bridge successful March 2022.

Transactions observed by Arkham Intelligence connected March 18 besides suggest that the attacker transferred 3,000 ETH ($5.4 million) backmost to Euler Finance itself. Those transfers, combined with today’s message, suggest that the attacker is consenting to cooperate.

Euler Finance is simply a decentralized concern lending and borrowing level built connected Ethereum.

Though the situation caused Euler Finance’s autochthonal token to diminution successful value, it has partially recovered. The terms of the project’s EUL token is up 30% implicit the past 24 hours

The station Euler hacker offers to negociate instrumentality of funds appeared archetypal connected CryptoSlate.