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Ethereum in batches of 1000 coins to the Euler Finance address.
The transactions were reported by analytics firm Arkham Intelligence. The company added that the user who received 100 ETH from the hacker also returned it to the Euler Finance address.
Source: Arkham Intelligence
The developers of Euler Labs have not yet commented on the refund.
Hacker Euler’s Transactions Are Sending Mixed Signals
After the exploit on March 13, the hacker made a number of strange transactions, including returning 100 ETH to the user and sending a similar amount to the Ronin Bridge cracker. This transfer has sparked speculation that the attacker may be linked to the North Korean-backed Lazarus group. However, well-known on-chain analyst ZachXBT suggested that the hackers were simply “trolling this transaction.”
The hacker also tried to cover up his transactions by sending 1,000 ETH via the Tornado Cash mixer on March 16th. These actions sent mixed signals about his intentions. Some members of the crypto community claimed that he was ready to return the funds, while others believed that the hacker was just covering his tracks.
Meanwhile, the creators of Euler Finance have offered a $1 million reward to anyone who provides information that leads to the attacker’s arrest and the recovery of stolen funds. CEO Michael Bentley tweeted that he would never forgive a hacker. After all, the incident forced him to sacrifice the time he was supposed to spend with his newborn son.
The price of the EUL token has increased by 80%
The positive news also affected the price of the native token of the EUL protocol. Over the past day, he added more than 76%. At the time of writing, the price of the asset has corrected to $2.87.
Euler Finance is a decentralized protocol based on the Ethereum network. It allows clients to borrow cryptocurrencies and earn interest on providing liquidity in various altcoins.
According to Crunchbase, the Euler Finance protocol has raised over $40 million since its founding in 2020. Among the two dozen investors are venture capital firm Paradigm, bankrupt FTX, Coinbase, Jump Crypto, Jane Street and Uniswap.
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