Euler Finance, a decentralized lending platform, announced on Monday that the hacker responsible for draining $200 million of assets has returned all “recoverable funds.”
This positive development came after the hacker transferred 10,580 ether (ETH), worth approximately $19 million, to Euler. The return of these funds marks a significant milestone in resolving one of the largest crypto exploits of the year.
The exploit took place last month when the lending protocol was hacked, resulting in the theft of almost $200 million worth of digital assets, including dai (DAI), wrapped bitcoin (wBTC), staked ether (sETH), and USD coin (USDC).
However, over the following weeks, the exploiter returned most of the stolen funds to the protocol and even left an apologetic message attached to one of the blockchain transactions.
The blockchain data on Arkham Intelligence confirms that the crypto address associated with the exploiter was used to transfer the funds to Euler. The positive news offers hope for those affected by crypto hacks and emphasizes the importance of secure decentralized platforms.
Emma Davis is a highly skilled and experienced crypto writer with a passion for all things blockchain and cryptocurrency. With years of experience writing about the latest trends, news, and innovations in the crypto world, Emma has established herself as one of the best crypto journalists.
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