Euler Says All ‘Recoverable Funds’ Stolen in $200M Hack Have Been Returned

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The protocol is set to unveil a plan to restore user deposits in the coming days, the Euler Foundation posted Tuesday in the protocol’s forum.

In the following weeks, the exploiter returned a bulk of the stolen funds to the protocol and seemingly apologized in a message attached to one of the blockchain transactions.

The lending protocol suffered an exploit last month that resulted in almost $200 million of digital assets being drained including in dai (DAI), wrapped bitcoin (wBTC), staked ether (sETH) and USD coin (USDC).

The event signals a positive ending to one of this year’s largest crypto exploits.

Blockchain data on Arkham Intelligence shows the crypto address associated with the exploiter transferred 10,580 ether (ETH), worth some $19 million, to Euler on Monday.

The hacker responsible for roiling Euler Finance by draining some $200 million of assets has returned all “recoverable funds,” the decentralized lending platform tweeted late Monday.

Krisztian Sandor

Krisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.

Follow @ sndr_krisztian on Twitter

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Krisztian Sandor

Krisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.

Follow @ sndr_krisztian on Twitter

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