The recent DeFi hack that cost Euler Finance $197 million has taken a new turn as the hacker returns 3,000 ETH ($5.4 million) to Euler Finance's deployer address. While this is only a fraction of the stolen funds, it is a step in the right direction.
Cointelegraph confirmed that the hacker transferred 1,000 ETH per transaction to Euler’s deployer account. However, chances that the hacker will return the entire loot of $197 million remain slim, as no more outbound transactions were recorded at the time of writing.
On March 16, Euler Finance announced a $1 million reward to track down the hacker and retrieve the funds. 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.The exploiter was able to drain $197 million through multiple transactions and later used a multichain bridge to transfer the funds from the BNB Chain to Ethereum.
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