Euler Finance to Vote for Return of Redeemed Funds

Decentralized debt protocol that suffered a massive cyberattack last month Euler Financeis preparing for the voting process for the return of the recaptured funds.

DeFi Doug Hoyte, the founder of the platform Euler Finance, plans to return users’ assets as soon as possible with his proposal for community voting. According to the information reflected in the crypto press, Euler developers and external consultants worked to make the process work in the most efficient way.

Euler Finance Recovered Most of the Stolen!

In the last days of March, the news that Euler Finance was hacked hit the agenda like a bombshell. Taking advantage of the vulnerability on the platform, the cyber thief embezzled $200 million worth of crypto money himself.

Euler officials, who followed the hacker after the incident, found that the cyber thief used various platforms to launder cryptocurrencies.

The hacker, whose identity was revealed, had to return all the digital assets he stole to Euler Finance and issued an apology message. 95,500 stolen Ethereum and 43 million DAI On the way back to the platform, 100 ETH sent to North Korean hackers and 1,100 Ethereum laundered in Tornado Cash were lost.