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.
100 ETH stolen in Monday’s #Euler Finance hack have moved to an tackle related to a earlier hack carried out by #NorthKorea-linked actors. This may increasingly imply the Euler hack is the work of #DPRK too, or could possibly be misdirection by different hackers. We’ll share extra particulars as doable https://t.co/DxvGsc90Z8 pic.twitter.com/5QPphNTyYY
— Chainalysis (@chainalysis) March 17, 2023
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.
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.
Euler has all the time been a security-minded undertaking. The Euler sensible contracts, together with the susceptible strains of code, had been audited.https://t.co/SvNeoKEGuY
— Michael Bentley (@euler_mab) March 16, 2023
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.