Based on on-chain data, the individual who exploited Euler Finance has returned over 58,000 Ethereum, valued at over $100 million on March 25.
This action resulted in a 28% increase in the value of $EUL tokens.
The exploit involved two transactions on March 25, with 51,000 $ETH sent to a decentralized finance deployer address and 7,737 $ETH sent through an intermediary address “0x46e0Be,” according to BlockSec.
The attacker also transferred millions of $DAI to another cryptocurrency wallet.
However, the attacker still holds $73 million worth of $ETH and $43 million $DAI. Following the attack, various transactions have raised questions about the hacker’s intentions and identity.
The Euler Exploiter just returned 51,000 $ETH to the Euler Deployer – that's almost $90M.
Currently the Euler Exploiter still holds $73M of $ETH and $43M of $DAI.
Think they'll send the rest? pic.twitter.com/oMtfpOA7t3
— Arkham (@ArkhamIntel) March 25, 2023
On March 18, the attacker returned 3,000 $ETH to the Euler deployer, and on March 20, they sent a message on-chain to Euler’s address expressing a willingness to cooperate and return the funds.
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Euler did not publicly acknowledge the offer, but the DeFi project is probably in communication with the exploiter. The $EUL token value has rebounded slightly, trading at $3.59 as of press time, after dropping by over 50% following the attack.
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