Euler Finance Hacker Strikes Funds Via Twister Money

Euler Finance Hacker Strikes Funds Via Twister Money


15 hours agoSolar Mar 19 2023 13:59:28


Reading Time: 2 minutes

  • The Euler Finance hacker has transferred section of the $200 million siphoned from the DeFi platform
  • The hacker moved the funds the employ of crypto mixer Twister Money
  • Euler Finance developer has unveiled a $1 million bounty

The Euler Finance hacker has moved $1.6 million of the with regards to $200 million they siphoned from the DeFi platform on March 13. The hacker masked his slide by the employ of crypto mixer Twister Money, hours after Euler disclosed plans to launch a $1 million bounty to anyone who would supply recordsdata main to his arrest. The hacker reportedly returned funds to one affected Euler person forcing others to reach out with hopes of recuperating their funds.

A Lucky Victim Will get 100 ETH

In a tweet, blockchain analytics platform PeckShield neatly-known that the hacker despatched 1,000 ETH price a dinky above $1.6 million the employ of Twister Money. PeckShield also noticed that 100 ETH was once also transferred to a pockets believed to belong to a victim of the hack.

#PeckShieldAlert @eulerfinance exploiter on the transfer
~1,000 $ETH into Twister Money thru middleman take care of 0xc66d…c9a

— PeckShieldAlert (@PeckShieldAlert) March 16, 2023

The attacker’s actions reach a day after Euler Finance developer Euler Labs despatched the exploiter an on-chain message. Within the message, the developer told the malicious actor of an upcoming bounty meant to unearth his whereabouts and that you have to well perchance imagine restoration of the total funds.

On the present time the Euler Basis is launching a $1M reward within the hope that this presents additional incentive for recordsdata that results within the Euler protocol attacker’s arrest and the return of all funds extracted by the attacker.

— Euler Labs (@eulerfinance) March 15, 2023

Euler Labs even offered the hacker to raise 10% of the funds and return the remainder.

The hacker’s employ of Twister Money shows that he could perchance perchance no longer be from the usa since the U.S. authorities had prohibited its voters from the employ of the crypto mixer.

Hacker Now not Seeming too Generous

The Euler Finance hacker has deviated from current actions from varied hackers savor the hacker who took a bounty supply of $97,000 after siphoning round $1.5 million from the protocol.  Others savor the Mango Markets exploiter expressed a prefer to raise the funds despite their physical identification being unearthed and being taken to court.

With the Euler Finance hacker fascinating the funds despite being offered a bounty, it’s but to be considered how far the exploiter is able to head to live anonymous.

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