
Sturdy Finance Hit in Fresh Exploit, Loses Over $800,000
DeFi hacks have gone through the roof in recent times and many will argue that the DeFi ecosystem has proven time and again that it is indeed an exploiter’s paradise.
DeFi hacks have gone through the roof in recent times and many will argue that the DeFi ecosystem has proven time and again that it is indeed an exploiter’s paradise.
The hacker was able to withdraw more tokens than were initially deposited.
The decentralized lending platform was exploited in a March 13 flash loan attack, causing it to lose $197 million worth of crypto assets.
Over the last week, the attacker of Euler Finance has released a total of $138 million which is 70% of the total amount stolen from the Euler Finance protocol.
As per blockchain intelligence firm Chainalysis, Euler Finance transferred a total of 100 ETH to an address having links to North Korea.
Euler says the hacker must return 90% of the funds that were stolen within 24 hours or face legal consequences.