The Euler Labs has finally achieved success. Following negotiations, the recoverable funds stolen from the Euler protocol on March 13th were returned by the exploiter. To thank the perpetrator of the hack, the Euler Foundation has noted that the $1 million reward campaign that was launched as a result of the attack will no longer accept new information. On March 13th, the loan protocol Euler Finance allegedly suffered a hack, with the damage incurred amounting to around 197 million USD. Investigation into the attack revealed that a deflationary attack which occurred a month before was perpetrated by the same individual. It was found that they used the Multichain MultichainOrg bridge to move funds from the Binance Smart Chain to Ethereum, which enabled them to perform the attack.

Euler Finance then launched a 24 hour ultimatum to the hacker, demanding the return of 90% of the stolen ETH funds or face legal repercussions. As a result, the Euler Foundation promised a $1 million reward for any information that led to the return of all funds, prompting the criminal to give up the stolen cryptos that had a total value of more than $138 million. Finally, all funds had been returned to their rightful owners, with the final transaction on March 25 involving the return of 58,000 ETH which was valued at over $101 million at the time. Thanks to the successful return of all funds, the Euler Labs turn this negative incident into a positive outcome.



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