A hacker from Euler Finance sends 51,000 stolen ether to protocol
- March 26, 2023
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A majority of the $200 million stolen by Euler Finance earlier this month has been returned to the protocol by the hacker.
Traders’ sentiment was positive after Euler’s native EUL tokens were up 25% in the past 24 hours following the hacker’s return of tokens to the protocol.
Over 51,000 ether, valued at nearly $90 million as of Saturday, were sent back to the Euler deployer contract in early U.S. hours.
Blockchain data shows that the exploiter made several other transactions transferring tens of millions of dai stablecoins to another wallet.
Developers asked for 90% of the stolen funds to be returned when Euler offered a $1 million bounty for the hacker to return the funds.
Over four transactions in dai (DAI), wrapped bitcoin (wBTC), staked ether (sETH) and USD coin (USDC), almost $200 million was lost to an exploit earlier this month.