17.7 C
Los Angeles
Sunday, March 26, 2023
- Advertisement -

Euler Hacker Taking His Chances, Sends Funds to Crypto Mixer

BusinessCryptoEuler Hacker Taking His Chances, Sends Funds to Crypto Mixer
- Advertisement -

The hacker responsible for the $196 million attack on Euler Finance has begun transferring funds to crypto mixer Tornado Cash, just hours after launching a $1 million reward for uncovering the hacker’s identity.

Blockchain analytics firm PeckShield tweeted on March 16 that the exploit behind flash loan attack Ethereum was “running” on the Non-Custodial Lending Protocol.

The exploiter spent 1,000 ether (ETH), approximately $1.65 million through approved crypto mixer tornado cash,

- Advertisement -

This comes just hours after Euler Labs Tweeted that it was introducing a $1 million reward for information leading to “the arrest of the Euler Protocol attacker and the return of all funds”.

Just the day before, Euler sent an on-chain message to the exploiter’s address, warning that if 90% was not returned within 24 hours it would lead to “your arrest and refund of all funds”. .

The movement of funds in the crypto mixer may indicate that the hacker is not being swayed by Euler’s apology offer.

Peckshield notes that approximately 100 ETH, worth $165,202 at the time of writing, was sent to a wallet address believed to be owned by one of the victims. An on-chain message sent by the wallet address previously requested the attacker for the return of their “life savings”.

This led to several other victims also sending messages to the address hoping to get their funds back.

Connected: Euler attack damages locked tokens, 11 DeFi protocols, including Balancer

a message where did it go They are “twenty-six families from unemployed rural areas,” who lost “one million USDT in total,” adding their part in the protocol was “life-saving from our past decades of work in factories.”

Another apparent victim sent messages to the attacker congratulating him on a “big win” and saying he had invested money in Euler that he “desperately needed” for a house.

“My wife will kill me if we can’t afford our house […] is there any way [sic] Can you help me? I don’t know what to tell my wife,” he wrote.

According to on-chain data, the $196 million stolen from Euler was in Dai (Midwife), usd coin (usdc), Stake ETH and Wrapped Bitcoin (WBTC).