Sunday, May 19, 2024

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



Ever since Euler Finance fell sufferer to the most important decentralized finance (DeFi) hack of 2023, the crypto neighborhood intently adopted the $197 million loot on-chain — hoping to trace down the attacker. Out of the collection of transfers made by the hacker, one transaction of 100 Ether (ETH) was allegedly despatched to an tackle related to North Korea-linked actors.

Blockchain investigator Chainalysis recognized that 100 ETH from Euler’s stolen funds was transferred to an tackle flagged in an older hack with hyperlinks to North Korea.

The hacker additionally transferred 3,000 ETH to Euler’s deployer account with out disclosing their intent. Nonetheless, no different transfers had been made after that on the time of writing. In each instances, it was unclear whether or not the hacker was trolling or in the event that they genuinely thought-about accepting Euler Finance’s bounty reward of $20 million.

Whereas Chainalysis suspected the involvement of North Korea within the Euler Finance hack, it highlighted the opportunity of misdirection by different hackers.

Associated: Euler hacker seemingly taking their probabilities, sends funds to crypto mixer

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

As Cointelegraph beforehand reported, blockchain safety corporations, together with Halborn, Solidified, ZK Labs, Certora, Sherlock and Omnisica, performed sensible contract audits on Euler Finance from Could 2021 to September 2022.