$200 Million Hack Attack on DeFi Protocol: Token Price Crashed

Decentralized finance (DeFi) protocol Euler Finance has suffered a $200 million hack, according to preliminary data.

Offered by on-chain security firm BlockSec data According to Eular Finance, a serious amount of flash loan attacks took place. As a result of the attack that took place around 14.00 CEST $197 million The assets in the vicinity were seized by the attackers.

Among the stolen assets $136 million worth of Lido Staked Ether (STETH), $34 million USD Coin (USDC), $19 million Wrapped Bitcoin (WBTC) And $8.7 million DAI took place.

While Euler Finance has not made a detailed statement on the subject, it continues to work in coordination with law enforcement and security teams. specified:

We are aware of the situation. Our team is currently working with security professionals and law enforcement. We’ll post more information as we get details.

CoinGecko according to the data, in parallel with the attack Euler There was also a significant drop in price. Before the attack $6.2 traded at the EULafter the events 55% down $2.88 as much as it declined. EUL at the time of writing from $3.26 is being traded.

Euler Finance last year FTX, coinbase, Jump, jane street And Uniswapwith the participation of 32 million dollars had completed a funding round.

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