Cryptocurrencies Shaken by $197 Million Hack! Bitcoin and Ethereum React!

While the eyes were turned to the bank crisis in the USA, there was a hacking event in cryptocurrencies.

The decentralized lending protocol Euler Finance was hit by a hack worth approximately $197 million.

According to BlockSec, which tracks cryptocurrency projects, the attackers first seized 8.7 million DAI, $18 million worth of WBTC, $116 million worth of stETH and $33 million worth of USDC.

With the last transfers, the loss increased to 197 million dollars.

Making a statement on the subject, Euler Finance stated that they are aware of the attack and are currently working with security experts and law enforcement.

Cryptocurrencies, which rose with the news that the FED would slow down in monetary tightening, regressed a little with the news of the hack.

bitcoin While trading at the $22,000 limit, Ethereum is trading below $1580 again.

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