Euler Labs hacker returns ‘all of the recoverable funds’ — Timeline
Twenty-three days after the hack, on April 4, Euler Finance announced the total possible recovery of the lost funds, thus ending the $1 million bounty. After being robbed of $196 million in a flash loan attack, Euler Finance has convinced its hacker to return most of the funds. The outcome resulted from numerous back-and-forths over 25 days, eventually leading the hacker to do “the right thing.” On March 13, the Euler Finance hacker carried out multiple transactions, each draining millions of dollars in various tokens, including DAI (DAI), USD Coin (USDC), staked Ether (StETH) and wrapped Bitcoin (WBTC). 111 Funds stolen from Euler Finance. Source: BlockSec As a result, Euler’s total value locked inside its smart contracts has dropped from over $311 million to $10.37 million. Ultimately, 11 different decentralized finance (DeFi) protocols, including Balancer, Yearn Finance and Yield Protocol, either froze or lost funds. At 10:00 UTC Balancer contributors became aware of an exploit on ...