Global blockchain supervision and query platform

English
Download

Euler Finance hacker sends 100 ETH to red-flagged North Korean address

 Euler Finance hacker sends 100 ETH to red-flagged North Korean address WikiBit 2023-03-19 09:51

Concurrently, the hacker also transferred 3,000 ETH to Euler’s deployer account without disclosing their intent

Own this piece of history

Ever since Euler Finance fell victim to the biggest decentralized finance (DeFi) hack of 2023, the crypto community closely follows the $197 million loot on-chain — hoping to track down the attacker. Out of the series of transfers made by the hacker, one transaction of 100 Ether (ETH) was allegedly sent to an address associated with North Korea-linked actors.

Blockchain investigator Chainalysis identified 100 ETH from Eulers stolen funds was transferred to an address that was flagged in an older hack with links to North Korea.

Concurrently, the hacker also transferred 3,000 ETH to Euler‘s deployer account without disclosing their intent. However, no other transfers were made thereafter at the time of writing. In both cases, it was unclear whether the hacker was trolling or if they genuinely considered accepting Euler Finance’s bounty reward of $20 million.

While Chainalysis suspected the involvement of North Korea in the Euler Finance hack, they highlighted the possibility of misdirection by other hackers.

Euler Labs CEO Michael Bentley shared his displeasure with the $197 million hack as he revealed that ten separate audits conducted over two years assured its security.

As Cointelegraph previously reported, blockchain security firms, including Halborn, Solidified, ZK Labs, Certora, Sherlock and Omnisica, conducted smart contract audits on Euler Finance from May 2021 to September 2022.

Disclaimer:

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

  • Token conversion
  • Exchange rate conversion
  • Calculation for foreign exchange purchasing
/
PC(S)
Current Rate
Available

0.00