Mar 19, 2023

Hacker Returns $5.4M to Euler Finance

The Euler Finance hack of March 2023 was one of the largest decentralized finance (DeFi) hacks of the year, with the hacker making off with an estimated $197 million. However, in a surprising turn of events, the hacker has returned a portion of the loot, with 3,000 Ether (ETH) ($5.4 million) being transferred back to the Euler Finance deployer address.

The hacker’s generosity was discovered by blockchain investigator PeckShield, who identified three transactions that were used to send the funds. Cointelegraph was able to confirm that the hacker sent 1,000 ETH per transaction back to Euler’s deployer account.

The Euler Foundation had previously announced a $1 million reward to track down the hacker and retrieve the funds. The hacker had exploited a vulnerability in the Euler Finance protocol to siphon off the funds, and had then used a multichain bridge to transfer the funds from the BNB Chain to Ethereum.

The funds were then moved into the crypto mixer Tornado Cash, prompting Euler Finance to demand that the hacker return 90% of the funds within 24 hours to avoid possible jail time.

It appears that the hacker has heeded the warning, and has returned a portion of the funds to the Euler Foundation. The hacker has not yet returned the remaining funds, but this could be seen as a positive sign that the hacker is willing to cooperate.

The return of the funds has raised the prospect of NFT marketing and promotion as a way to increase the chances of recovering the stolen funds. NFT marketing has been gaining traction in the web3 space, with many NFT marketing agencies offering services such as Twitter NFT marketing and other strategies to increase visibility and sales.

The Euler Foundation is encouraging anyone with information on the hacker to contact them, and is offering a $1 million reward for information that leads to the hacker’s arrest and the return of all funds extracted.

The return of the funds has been seen as a major victory for the DeFi space, and a reminder that NFT marketing and promotion can be a powerful tool for recovering stolen funds. NFT marketing agencies have become increasingly popular as web3 agencies, and can be a great way to increase the chances of recovering stolen funds.

For those looking to sell NFTs, NFT marketing and promotion can be a powerful way to increase visibility and sales. With the right NFT marketing agency, it’s possible to use Twitter NFT marketing, influencer marketing, and other strategies to increase the chances of success.

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