Skip to content
DefiDraft

DefiDraft

Empowering the Future of Finance: Stay Ahead with our DeFi News

Categories

  • AI
  • Altcoin
  • Bitcoin
  • Blockchain
  • Blogs
  • CHARTS
  • Crypto
  • DeFi News
  • Defipedia
  • Ehtereum
  • Guest Post
  • Metaverse
  • Mining
  • News
  • NFT
  • Press Release
  • Review
  • Sponsored Post
  • Trading
  • Wallets
  • Web3
  • DeFi News
  • Defipedia
  • Review
  • Advertise
  • Home
  • DeFi News
  • Euler Finance Hacker Disclosed: Refusing To Keep What Isn’t Theirs
  • DeFi News

Euler Finance Hacker Disclosed: Refusing To Keep What Isn’t Theirs

Debangshu March 21, 2023 2 min read
Euler Finance Hacker Disclosed: Refusing To Keep What Isn't Theirs

Euler Finance Hacker Disclosed: Refusing To Keep What Isn't Theirs

After stealing nearly $200 million worth of cryptocurrency last week, the Euler Finance hacker has made it clear that they never aimed to keep anything that wasn’t rightfully theirs.

Today the Euler Foundation is launching a $1M reward in the hope that this provides additional incentive for information that leads to the Euler protocol attacker’s arrest and the return of all funds extracted by the attacker.

— Euler Labs (@eulerfinance) March 15, 2023

While the company promises a $1 million prize for information regarding the hackers, many people are not surprised by this response. An Ethereum address linked to Euler Finance was used by the hacker to deliver his message. Additionally, the hacker also advised opening a line of communication after the on-chain ultimatum seeking the return of the funds. The hackers also feel sorry for the inconvenience caused due to this incident.

What is the Response of the Cryptocurrency Community Following the Explanation?

Many people are doubtful despite the hacker’s explanation since it would take a lot of time and effort to carry out such a complicated breach. In order to enter the network and avoid detection while navigating it, one needs to possess a high level of technical knowledge and aptitude.

Several people have doubts about their sincerity because they were able to flee with no signs of their presence. On the other side, there is also a concern that this might be a part of a broader conspiracy by malicious actors seeking financial gain from the confusion and chaos. Hackers have already attempted similar approaches; only last year, many cryptocurrency networks suffered similar security vulnerabilities.

Debangshu

Debangshu is a content writer specializing in the Crypto and DeFi beats. Moreover, he holds 3 years of writing experience in technical niches. He has produced content for a wide range of publications and news outlets, ranging from cryptocurrency-oriented websites to corporate websites.

Post Views: 758
Tags: blockchain decentralized finance deFi DeFi Hack future of DeFi

Continue Reading

Previous: Cardano Network TVL increases nearly 150% after a rise in DeFi
Next: Crypto Theft Reaches Record Highs in 2022: DeFi Most Susceptible Target

Latest Post

Recent Posts

  • Binance Bids Adieu to Russia, Seals Sale with CommEX
  • Binance Returns to Belgium, Reopens Registrations and Services
  • Key Chart Signals Golden Cross, Posing Threat to Altcoins
  • Why is Cryptography Important For Cryptocurrency?
  • Shibarium’s Shiba Inu Insider Provides Valuable Update on SHIB Burn

Ecosystem

Binance Bids Adieu to Russia, Seals Sale with CommEX Binance Bids Adieu to Russia, Seals Sale with CommEX
2 min read
  • Crypto
  • News

Binance Bids Adieu to Russia, Seals Sale with CommEX

September 27, 2023
Binance Returns to Belgium, Reopens Registrations and Services Binance Returns to Belgium, Reopens Registrations and Services
2 min read
  • Crypto
  • News

Binance Returns to Belgium, Reopens Registrations and Services

September 26, 2023
Key Chart Signals Golden Cross, Posing Threat to Altcoins Key Chart Signals Golden Cross, Posing Threat to Altcoins such as Shiba Inu (SHIB)
3 min read
  • Altcoin
  • CHARTS
  • Crypto

Key Chart Signals Golden Cross, Posing Threat to Altcoins

September 22, 2023
Why is Cryptography Important For Cryptocurrency? Why is Cryptography Important For Cryptocurrency?
4 min read
  • Guest Post

Why is Cryptography Important For Cryptocurrency?

September 21, 2023

About

Defidraft is the ultimate source for the latest news and analysis on the world of decentralized finance.

Connect with Us

  • Twitter
  • Instagram
  • Facebook
  • LinkedIn
  • Telegram

Chat with us: @Defidraftofficial

Recent Posts

  • Binance Bids Adieu to Russia, Seals Sale with CommEX
  • Binance Returns to Belgium, Reopens Registrations and Services
  • Key Chart Signals Golden Cross, Posing Threat to Altcoins
  • Why is Cryptography Important For Cryptocurrency?

TAGS

Binance Bitcoin blockchain Cardano Crypto cryptocurrency decentralized finance deFi DeFi Hack ethereum future of DeFi News Ripple SEC security SHIB Shiba Inu technology US XRP

  • News
  • Press Release
  • Sponsored Post
  • Our Partners
  • Contact Us
Copyright © DefiDraft
  • bitcoinBitcoin(BTC)$26,416.000.66%
  • ethereumEthereum(ETH)$1,608.871.01%
  • tetherTether(USDT)$1.00-0.01%
  • binancecoinBNB(BNB)$211.90-0.51%
  • rippleXRP(XRP)$0.498406-0.86%
  • usd-coinUSDC(USDC)$1.000.06%
  • cardanoCardano(ADA)$0.243898-0.58%
  • dogecoinDogecoin(DOGE)$0.060519-0.24%
  • solanaSolana(SOL)$19.231.55%
  • polkadotPolkadot(DOT)$3.99-0.31%
  • matic-networkPolygon(MATIC)$0.51-0.41%
  • litecoinLitecoin(LTC)$63.42-0.84%
  • shiba-inuShiba Inu(SHIB)$0.000007-0.35%
  • avalanche-2Avalanche(AVAX)$8.97-0.81%
  • binance-usdBUSD(BUSD)$1.000.02%
  • crypto-com-chainCronos(CRO)$0.050047-0.17%
  • terra-lunaTerra Luna Classic(LUNC)$0.0000667.42%