Euler Finance exploiter returns over 58,000 stolen Ether

The hacker behind the $196 million exploit on lending protocol Euler Finance has returned nearly all of the stolen property, according to on-chain information. 

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. Beforehand, on March 18, the hacker despatched 3,000 ETH to the protocol, value practically $5.4 million on the time. The exploiter nonetheless controls a number of the stolen property.

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On March 13, the hacker carried out a number of transactions stealing nearly $196 million from the protocol in a flash mortgage assault, dubbed the biggest DeFi hack of 2023 to date. Stolen property embrace 8.8 million DAI, 849,000 wBTC, 85 million stETH, and 34 million USDC stablecoin.

Funds stolen from Euler Finance. Supply: BlockSec.

A number of days after the hack, the exploiter sent an on-chain message to Euler calling for an agreement with the protocol. “We need to make this simple on all these affected. No intention of protecting what is just not ours. Organising safe communication. Allow us to come to an settlement,” they stated.

Associated: Euler attack causes locked tokens, losses in 11 DeFi protocols, including 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’d face authorized motion. No response was obtained, and 24 hours later Euler supplied a $1 bounty reward for any data resulting in the seize of the exploiter.

Different transactions have been made by the hacker, together with a switch of 1,000 nETH, roughly $1.65 million on the time, by way of sanctioned crypto mixer Tornado Cash.

Based on blockchain analytics agency PeckShield, round 100 ETH was sent to a pockets deal with possible 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 financial savings.”