Abstract:

• The Euler Finance attacker moved round 1,100 Ether from their deal with to sanctioned Ethereum-based crypto mixer Twister Money, on-chain knowledge aggregated by BlockSec confirmed.
• Euler misplaced $197 million in digital property after struggling a flash mortgage assault on Monday, Mar. 13.
• The DeFi lender supplied the attacker a $19.7 million bug bounty in the event that they returned 90% of the funds to customers.
• One sufferer obtained 100 ETH again from the exploiter after sending a message pleading for the property to be returned

The hacker who exploited decentralized finance (DeFi) lender Euler Finance despatched 1,100 ETH from the stolen loot to U.S.-sanctioned crypto mixer Twister Money. The transactions had been made within the early hours of Thursday, three days after the preliminary exploit on Monday, Mar. 13.

Information collected by on-chain safety outfit BlockSec confirmed that Euler misplaced round $197 million in digital property on Monday after struggling a flash mortgage assault. The exploiter made off with an assortment of cryptocurrencies together with staked Ether (stETH), USDC, wrapped Bitcoin (WBTC), and DAI stablecoin tokens.

Euler supplied 10% of the funds, value $19.7 million, as a bug bounty on the phrases that the exploiter returned 90% of the property to the DeFi lender and customers. It’s not clear if Thurday’s switch to Twister Money signifies that the hacker plans to return the funds.

Certainly, it’s widespread for DeFi hackers and crypto criminals to deposit stolen digital property in crypto mixers like Twister Money. Business observers like Chainalysis have opined that hackers use this technique to masks the origin of their funds and throw off regulation enforcement.

Euler Finance Sufferer Receives Stolens Funds And Then Some

In an odd flip of occasions, one Euler Finance sufferer get well their funds from the attacker after reaching out to the unidentified exploiter. On-chain knowledge confirmed {that a} sufferer despatched a message to the hacker, saying their life financial savings was held on Euler Finance.

Whereas the sufferer claimed they’d 78 wrapped staked ether (wstETH) value $140,000 on the platform, the hacker shockingly returned $165,000 in ETH to the sufferer.

It’s not the primary time a person has reached out to a crypto hacker in an try to speak. A group member despatched recommendation to the FTX hacker on how one can launder their stolen funds and which crypto mixers had been extra appropriate for the job.