My Learnlist: Coming Soon!
My Learnlist: Coming Soon!

Learn by real-life examples: Select, Track & Understand any cryptos with the unique Learnlist feature!

Notify Me!
Portfolio: Coming Soon!
Portfolio: Coming Soon!

Set your wallet & get powerful insights backed by data. Easily learn how to use it for your highest rewards!

Notify Me!

Euler Finance Token Rallies After Hacker Returns Nearly Half of Stolen Funds

Euler Finance Token Rallies After Hacker Returns Nearly Half of Stolen Funds

 Euler Finance hacker returns part of the stolen funds to protocol.

The hacker behind the theft of nearly $200 million worth of crypto from the Euler Finance protocol has returned around half of the stolen funds.

On March 25th, on-chain data revealed the hacker had returned around 58,000 Ether (ETH) to the protocol.

What is a Liquidity Pool in Crypto? (Animated)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

What is a Liquidity Pool in Crypto? (Animated)

What is a Liquidity Pool in Crypto? (Animated) What is a Liquidity Pool in Crypto? (Animated)

It is estimated that the hacker still holds over $100 million worth of funds. The malicious actor first sent 51,000 ETH (around $88 million). Shortly after that, Euler Finance exploiter sent another 7,737 ETH (approximately $13 million).

It is worth noting that before March 25th, the hacker had sent 3,000 ETH to the protocol valued at $5.4 million.

According to Arkham Intelligence, the hacker still holds $74 million worth of ETH and $43 million of DAI.

Since stealing the funds on March 13th, the Euler Finance hacker has made several baffling transactions. In one instance, the hacker sent funds to someone who claimed that during the attack, they lost all of their life savings.

Moreover, the malicious actor attempted to hide the traces of stolen funds and sent some assets to a sanctioned crypto mixer Tornado Cash. On top of that, the exploiter transferred funds to addresses linked to North Korean hackers.

On March 20th, the hacker sent an on-chain message hinting that they would return all the stolen funds. Since then, they have kept around 50% of their promise. It is unclear if they will return all the funds or keep the $20 million promised by Euler Finance in exchange for returning the funds.

After the news about returned funds broke, the price of Euler native token EUL surged significantly. The price has increased by 28% and is currently trading at around $3.68. However, that is still nearly 50% lower than its pre-attack price of approximately $6.38.


Watch a short Lighthouse course & get 2 FREE Avatar NFTs + win Spatial Metaverse Space!

Claim Your Rewards
Learnoverse Astra Learnoverse Astra


Earn Huge Exclusive Binance Learners Rewards