The EUL price rose more than 20% after the attacker, who stole $200 million in cryptocurrencies from decentralized finance (DeFi) protocol Euler Finance, returned almost all of the funds.
The Euler Finance attacker, defined as the remaining and recoverable fund 31 million dollars made the refund. Attacker,March 13 from the liquidity pools of the protocol on $197 million worth Lido Staked Ether (STETH), USD Coin (USDC), Wrapped Bitcoin (WBTC) And DAI had stolen.
The last refund process in question is approx. 19 million dollars worth 10,580 Ethereum (ETH) And 12 million DAI aspect in 3 different processes carried out.
The total value of funds returned by these transactions, according to the Euler Finance team 177 million your dollar got on it. A social media shared by the team after the developments in your postconfirmed the successful return:
After successful negotiations, all of the salvaged funds stolen from the Euler protocol on March 13 were successfully returned by the abuser. Rescue efforts were terminated with this final return.
Euler Finance’s native token, EUL, which fell sharply after the attack, was also positively affected by the return of almost all of the funds by the attacker. According to CoinGecko data EUL, experienced a sharp rise with the news flow. EUL, $3.35 from the level 21% rise by displaying $4.08 rose. EULat the time of writing the news from $3.96 finds buyers.
On the other hand, the attacker, who performs piecemeal returns throughout the process, cannot process the first return. March 18 to the wallets belonging to the protocol $5.4 million worth 3,000 ETH had sent. According to on-chain data, the attacker also $4 million part of March 16 Ethereum mixer on Tornado CashHe transferred it to.