Euler Finance, a decentralized lending platform, was hacked last month and the hacker involved transferred an estimated total of $200 million worth of stolen assets. However, late Monday, the crypto address associated with the attacker transferred 10,580 ether (ETH) worth around $19 million to the Euler system. This marks a positive ending to one of the year’s highest crypto exploits. Over the past weeks, a majority of the stolen funds were returned to the protocol and seemingly a message of apology was posted in one of the blockchain transactions. This incident serves as a stark reminder of the importance of security when it comes to handling valuable digital assets. It is important for crypto corporations to constantly monitor their operations and protect their users’ resources in order to protect their reputation and avoid any future losses. Companies should also educate their users and make them aware of the potential dangers involved in storing and trading digital assets. Additionally, it is important to pay attention to unusual patterns or suspicious activity in blockchain transactions and to ensure that transactions are made with approved accounts only. By taking these precautions, businesses can better protect their operating systems, customers, and their investments.
Matthew Mendoza
- 2023-04-04
Hacked Euler Finance Receives $19 Million Return
Euler Finance is a decentralized lending platform that recently faced an attack where the hacker transferred an estimated $200 million worth of stolen assets. On Monday, 10,580 ETH worth around $19 million was returned to Euler’s system.
![CandleFocus EulerFinance-Hacking-Cryptocurrency-CryptoAddress](https://images.candlefocus.com/Hacked-Euler-Finance-Receives-dollar19-Million-Return.jpg)