Security This makes the recovery of stolen Euler Finance funds a big problem. In the transaction that included this message, hacker Ronin sent 2 ETH to hacker Euler. But experts say the message is a scam to steal credentials from the Euler attacker’s wallet. Developers at Euler Finance attempted to interfere with their own messages…
Security On Monday, the hacker behind last week’s nearly $200 million attack on Euler Finance sent a message to an Ethereum address linked to the DeFi platform, offering to begin a dialogue after Euler issued an on-chain ultimatum demanding the return of the funds. “We want to make this easy on all those affected. No…
A handful of YouTubers famed for their personal finance expertise are being chased hard for more than $1 billion by victims who lost their fortunes in Sam Bankman-Fried’s FTX. The finance influencers are facing a class action lawsuit claiming they were paid “handsomely” to push the FTX brand prior to its collapse, following similar cases…
This week, the Euler Finance protocol was hacked, resulting in the loss of millions of dollars of crypto. The attacker turned down the protocol’s offer of retaining 10% and has started mixing the funds to obfuscate them. Keep reading to find out more. Bitcoin Bitcoin has pushed through the $25,000 major resistance level. However, the…
Ten consecutive audits of the Ethereum-based lending protocol Euler Finance over a two-year period found it to be “nothing more than low risk” and with “no remaining concerns” before to a $196 million attack. On March 17, Euler Laboratories CEO Michael Bentley detailed the “hardest days” of his life following Euler’s $196 million flash loan…
Finance The entire banking concept is based on the assumption that depositors will not want to withdraw their money at the same time. But what happens when this assumption fails? The answer lies in the asset-liability mismatch of banks, which can lead to disastrous consequences for the broader financial system. Silicon Valley Bank (SVB), one…
A postmortem of Euler Finance’s flash loan exploit has revealed that the vulnerability at the root of the exploit remained on-chain for 8 months. As a result of the vulnerability, Euler Finance lost $200 million earlier this week. An Eight-Month-Old Vulnerability Euler Finance’s auditing partner, Omniscia, has released a detailed postmortem report analyzing the vulnerability…