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Euler Finance Demands 90% Refund from Hacker

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Gherardo Fiorenzo
Gherardo Fiorenzo is an Italian author with a unique perspective shaped by his experiences in Italy and the US. His thought-provoking articles, short stories, and reviews explore the intersections of language, identity, and culture.

Euler financing, non-security lending protocol built on Ethereum, trying to negotiate a settlement with hacker who Looting millions of dollars from protocol. Euler also threaten to sue them if they are fail to comply with the conditions.

On March 14, Euler Laboratories sent the request to the Fast Loan Striker responsible for Exploiting the platform for $196 million by sending the hacker 0 ether (ETH) and an attached message. Euler Finance demands a return of 90% of The money the hacker stole inside next 24 hours or face legal ramifications.

if it was assets Not returned in At the time, Euler was promised a million dollars reward for information which leads to hacker arrest And results in Recovery of everyone assets.

The previous message Euler had previously sent to the hacker was way more Polite:

“We realize that you are responsible for attack this morning on Euler platform, and it was clear They were pointing fingers at them. we writing To see if you are open to talk with us about what possible future steps. If so, we would greatly appreciate it.”

Euler financing

In response to the demand that 90% of The money is returned, the hacker will hand it over over $176.4 million with the remaining $19.6 million retained. However, many commentators have pointed out out That the hacker has very little to no reason to carry out the terms of agreement that was presented.

According to Euler Labs, the company owns already Enlist cooperation of US and UK Law Enforcement, Chainalysis Blockchain Intelligence Platforms, TRM Labs, and the Greater Ethereum community To identify and capture the intruder.

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