On March 13, Euler Finance suffered a massive exploit that led to the loss of approximately $200 million in stolen funds. Since then, the victim firm has been in talks with the hacker via on-chain communication to settle the deal, with the hacker returning $5.4 million to Euler Finance.
However, things took a new turn when a wallet address linked to the North Korean hacker group Lazarus sent an encrypted message to the Euler Finance exploiter on Tuesday.
According to experts, the message is likely an attempt to trap the Euler’s hacker in a phishing scheme and drain stolen funds from its wallet by stealing the login credentials.
The message requested the Euler exploiter to decrypt it using the private keys. Interestingly, the hacker is cooperating with Euler Finance, and this has left the crypto community confused as to what the hacker might do next.
In response to the message, developers from Euler Finance reached out on-chain to caution the exploiter about the possible phishing attempt. They advised the hacker not to try to view the message under any circumstance or enter their private key anywhere, reminding them that their machine could also be compromised.
The Lazarus group of hackers is known to be linked to North Korea, and their aim is to target the crypto space to back its secret nuclear program.
Hudson Jameson, a senior developer at the Ethereum network, expressed his opinion on the latest message by the Lazarus group hacker, stating that it is unknown why they are asking but it could be an attempt to see if the Euler hacker falls for a phishing attempt.
Euler Finance is an Ethereum-based crypto lending platform that allows users to lend and borrow various crypto assets. It remains to be seen what the hacker’s next move will be, but the crypto community is watching closely.
