by An official announcement from the decentralized finance platform Euler dated March 18 revealed the bad actors had returned $5.4 million stolen from the firm. Following a malicious attack that drained over $197 from the Euler platform, the hackers have repaid a portion of the stolen amount wired to the company deployer’s digital address.
The unexpected transaction was identified by the probing team from Peckshield, who observed three transactions completed by the hackers. Before this, the team had dubbed the Euler exploit the largest attack launched on the decentralized finance system in 2023.
Impact of Euler’s Exploit
According to the investigator’s report, the hackers launched a malicious attack on Euler’s multi-chain bridge draining all the assets. After exposing the investors to a huge loss of their hard-earned money, the hackers changed their thoughts and returned 1000 Ether.
The hackers’ action has created heated debates among the Euler community, who are skeptical about whether the remaining amount will be refunded.
On March 16, Euler had pledged to reward $1 million to the investigators who would identify the suspects and assist in restoring the stolen amount. The DeFi firm also engaged the forensic team to develop strategies to recover lost assets.
Elsewhere, the Euler team urged the bad players to return at least 90% of the assets to avoid being subjected to legal processes such as imprisonment and court penalties. This announcement has created swirling rumors that the March 16 Euler hack was linked to the notorious North Korean cybercrime gang Lazarus group, who launched the flash loan attack.
