Tag: Euler Labs

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Euler Finance to enter talks with exploiter over the return of funds

The flash loan exploiter claims they have “no intention of keeping what is not ours” and wants to “come to an agreement” with Euler Finance. Ethereum-based lending protocol Euler Finance could be a step closer to recovering funds stolen in a $196 million flash loan attack last week, with private discussions now initiated with the…
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Euler Finance hacked despite 10 audits in 2 years, says CEO

Euler Labs CEO Michael Bentley stated he will “never forgive” the hacker as the exploit caused him to lose time with his newborn son. Ten separate audits conducted over a two-year period of the Ethereum-based lending protocol Euler Finance deemed it to be “nothing higher than low risk” and having “no outstanding issues” prior to…
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Euler Finance’s offer to hacker: Keep $20M or face the law

The hacker committed a $196 million flash loan attack on the Ethereum-based lending protocol on March 13. Ethereum-based noncustodial lending protocol Euler finance is trying to cut a deal with the exploiter that stole millions from its protocol, demanding the hacker returns 90% of the funds they stole within 24 hours or face legal consequences.…
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