Euler Finance Hacker Returns $100 Million in Surprising Act – Here's What Happened

Euler Finance Hacker Returns $100 Million in Surprising Act – Here's What Happened

25 Mar 2023

By Ruholamin Haqshanas | @ruholamin-haqshanas

In a remarkable development, the Euler Finance exploiter has returned a huge portion of the $200 million stolen funds to the protocol.

According to data aggregated by blockchain security firm BlockSec, the Euler Finance hacker has been returning the stolen funds over the past 24 hours. With the latest repayment of 7,737 ETH, the exploiter has now sent a total of 58,737 ETH (worth around $102 million) to the protocol.

This marks a surprising turn of events in the Euler hack which saw the protocol fall victim to a flash loan attack earlier this month, resulting in the loss of around $200 million worth of digital assets.

The loss occurred over six transactions in dai (DAI), wrapped bitcoin (WBTC), staked ether (sETH) and USDC, and was carried out by two attackers, crypto analytic firm Meta Seluth said at the time.

The return of stolen funds comes as the exploiter sent an on-chain message to Euler calling for an agreement with the protocol earlier this week.

“We want to make this easy on all those affected. No intention of keeping what is not ours. Setting up secure communication. Let us come to an agreement,” the hacker said.