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DeFi News

Euler Finance Attacker Returns All of the Stolen Funds

Euler Finance announced it will no longer be accepting any new information regarding the flash loan attack and the exploiter.

Written By Vismaya V
Published 2023-04-04
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Euler Finance Attacker Returns All of the Stolen Funds

The Euler Finance attacker ultimately returned all the stolen funds back to the platform “following successful negotiations.” 

Following successful negotiations, all of the recoverable funds taken from the Euler protocol on March 13th have now been successfully returned by the exploiter.

— Euler Labs (@eulerfinance) April 3, 2023

On March 13th, Euler Finance witnessed a flash loan attack, which became the largest hack of 2023. The Euler Finance attacker then returned around 58,000 ETH in two transactions, and a few days later the exploiter returned 7,000 ETH and $10 million worth of DAI stablecoins to Euler Finance.

The attacker even left an on-chain message saying “Jacob here. I don’t think what I say will help me in any way but I still want to say it. I fucked up. I didn’t want to, but I messed with others’ money, others’ jobs, others’ lives. I really fucked up. I’m sorry. I didn’t mean all that. I really didn’t fucking mean all that. Forgive me.”

“The rest of the money will be returned ASAP. I only look after my safety, and that is the reason for the delay. I’m sorry for any misunderstanding. Please read my next message,” Jacob added.

As of this moment, the exploiter has returned all of the recoverable funds that were stolen from the Euler protocol. The platform stated it will no longer be accepting new information regarding the theft as they previously did announce that if 90% of the funds are not returned within 24 hours, Euler will offer $1M for information that leads to the arrest of the exploiter.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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