Pockets Tied to Euler Exploit Sends 100 Ether to Lazarus Group

Addresses related to a current exploit of the Euler DeFi protocol, and final 12 months’s hack of Axie Infinity’s Ronin community are interacting and no person is aware of why.

On-chain information first noticed by Look on Chain exhibits that an tackle managed by the entity that exploited Euler Finance’s protocol has despatched 100 Ether ($170,515) to a pockets related to Lazarus Group’s Ronin community hack.

It’s unclear if Lazarus Group can be behind the assault, or if there’s any kind of affiliation with them and the entity that exploited Euler Finance.

The U.S. Division of the Treasury added Lazarus Group to its record of designated entities in April. In January, the Federal Bureau of Investigation (FBI) mentioned that Lazarus Group, together with fellow North Korean hacking squad APT38, have been accountable for the theft of $100 million in crypto property from Horizon Bridge.

In whole, Euler Finance was exploited for practically $200 million in crypto largely denominated in DAI, wrapped bitcoin, staked ether (sETH), and USDC.

It’s necessary to notice that the attacker behind the exploit didn’t essentially “hack” it, or break its code to intrude inside, however fairly manipulated inside markets through a flash mortgage to empty its treasury.

In October 2022, an identical scheme was used to control the Solana-based protocol Mango Markets to empty its treasury. The person behind the exploit, Avraham Eisenberg, was arrested in Puerto Rico in late December.

The value of Euler’s token, EUL, is presently buying and selling for $1.85 based on CoinGecko. It’s down practically 74% over the previous week.