Euler Finance Negotiates with Exploiter for stolen Funds Return

The flash loan exploiter claims they are interested in something other than keeping what is not theirs. And he wants to agree with Euler Finance. The private discussion began with the exploiter of a $196 million flash loan attack last week. He was bringing Ethereum-based lending protocol to Euler Finance Negotiates with Exploiter for stolen Funds Return.

We intend to make this process as easy as possible for those affected. It is not our intention to keep what is not ours. Creating a secure communication system. It would be helpful if we could agree on something.

Euler, a decentralized finance protocol, experienced an exploit in which unknown person or group stole funds from platforms.

Despite the unclear surrounding the identity of the exploiter, several transactions from the exploiter’s wallet address have identified.

On March 18, 3000 ETH was returned to Euler Finance. These funds sent to crypto mixer Tornado Cash and an exploited victim.

However, The achievement of Euler is just one example of the ongoing security risks associated with DeFi protocols as these platforms continue to gain popularity and attract significant investment.

Developers and users must prioritize security measures. It will stay vigilant against potential threats.

Euler Finance Negotiates with Exploiter for stolen funds return. He had previously tried to cut a deal with the exploiter after the exploit. It insisted they return 90% of its stolen funds within 24 hours.

So, there was no response, and 24 hours later, Euler launched a $1 bounty reward for any information. It could lead to the exploiter’s arrest and Return of the funds.

In March 17 tweet, blockchain analytics firm Chainalysis said the recent 100 Ether transfer to a wallet. And it is associated with North Korea. However, the firm said it could be an attempt to misdirect investigators intentionally.

On March 20, another address contacted Euler on-chain, claiming to have found a solid string of connections. So, it could help them to find out who and where the exploiter was.

In conclusion, we can say that Euler Finance negotiated with exploiters interested in getting what belonged to them. Creating a secure communication system would be helpful if we could agree on something.