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Laundering Stolen Symbols: The Euler Financial Hackers

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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.

The Euler Finance striker started to darken the track of the stolen $197 million worth of Ether (ETH) and other cryptocurrencies assets stolen from DeFi protocol.

the black Hackers who organized a quick loan attack on Euler financing, decentralized financing for lending and borrowing protocol Backed by Ethereum, he started to mix the stolen symbols via Tornado Cash.

the move Barely comes 48 hours After financing Euler team offered bad Representatives Deal 10% Bonus.

for every onString data available on Etherscan, the attacker’s wallet address currently Holds 2,500.78 ETH, worth $4,359,065.23 at the time of writing.

Euler Foundation has set aside a million dollars reward Reward for anyone who will save valuable information maybe lead to arrest of hackers.

On March 16, reports emerged that the attacker had returned 100 ETH to one of victims of Euler’s financing theft. blockchain analytics platform, Lookonchain, also It revealed that the hacker transferred 100 ETH to an address that the Ronin Bridge attacker handled.

Hacks and theft continue to plague the web 3 space and with There is no permanent solution. last yearencryption space Lost over $3 billion bad actors, and this ugly trend has continued for years with Several DeFi protocols already losing millions of dollars for pirates.

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