Euler exploiter returns $5.4 million in ETH to DeFi protocol

The exploiter of Euler Finance returned 3,000 ether (ETH) value about $5.4 million to the DeFi lending protocol on Saturday, in accordance with tweets from on-chain sleuth ZachXBT.

The return signifies the exploiter might have reached a cope with Euler Finance after stealing $197 million from the protocol on Monday.

Euler Finance supplied a ten% bounty ($19.7 million) to the attacker on Tuesday to return the remaining 90% of the stolen funds. It warned the attacker that if the funds weren’t returned inside 24 hours, it might launch a $1 million reward for data that will result in their arrest and the return of all funds.

Euler misplaced the $197 million in a flash-loan assault. Flash loans permit DeFi customers to borrow massive quantities of funds towards zero collateral, however the loans should be repaid earlier than the transaction ends. The Euler attacker drained $136 million of staked ether (stETH), $34 million of USDC, $19 million of wrapped bitcoin (WBTC) and $8.7 million of DAI from the protocol.

Then they transferred 1,100 ETH ($1.8 million) to the cryptocurrency mixer Twister Money in an try to launder the stolen funds.

It stays to be seen whether or not the attacker returns the remainder of the funds. “They stopped at 3k ETH so might be trolling once more,” tweeted ZachXBT. “They had been [previously] trolling with that transaction to Lazarus.”

On Friday, an deal with managed by the Euler attacker despatched 100 ETH (round $170,500) to a pockets related to Lazarus Group’s Ronin community hack, in accordance with Lookonchain. The U.S. Division of the Treasury added Lazarus Group, a North Korean hacking group, to its listing of designated entities in April final yr.