Euler Finance Hacker Mixes $1.6M in Ethereum on Twister Money

 Euler Finance Hacker Mixes $1.6M in Ethereum on Twister Money

Funds tied to the most recent Euler Finance exploit are on the transfer.

In keeping with on-chain data, the attacker despatched ten transactions to mixing service Twister Money price 100 Ethereum every from an middleman deal with, and nonetheless holds 1,500 ETH labeled as “Pretend Phishing” on the identical deal with.

The deal with has despatched a complete of 1,000 ETH, price roughly $1.6 million.

Hackers moved a part of the stolen funds lower than 24 hours after Euler Finance—a borrowing and lending platform—warned that if 90% of the belongings weren’t returned, the corporate would provide a $1 million bounty to anybody who can present info that may result in their arrest and the return of all funds.

Euler Finance fell sufferer to a flash mortgage exploit that resulted within the lack of $8.7 million within the DAI stablecoin, $18.5 million in Wrapped Bitcoin (WBTC), $135.8 million in Staked Ethereum (stETH), in addition to $33.8 million in USDC.

Whereas Euler confirmed that it’s working with legislation enforcement, the corporate additionally recommended the felony investigation might be doubtlessly dropped if the cash is returned.

Notably, together with the funds despatched to Twister Money, the attackers, as confirmed by blockchain analytics agency CertiK, transferred 100 ETH to an address allegedly belonging to one of many victims.

The consumer, who claimed to have had 78 Wrapped Staked Ethereum (wstETH) of their life financial savings deposited on Euler, urged hackers to return him no less than 80% or 90% of the funds. Surprisingly, they noticed their attraction glad.

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