![]() ![]() The attackers use an exploit that allows them to manipulate the price of a token or asset on the platform during the few seconds that they hold the lent amount, so when the trade is complete, they are left with a massive profit. The attack caused Euler (EUL) token value to drop by 44.2% overnight, going from $6.56 to $3.37.įlash loan attacks exploit a vulnerability in a lending protocol to borrow a large sum of money without having to return its value to the service. However, the hackers have been seen laundering the proceeds through the sanctioned cryptocurrency mixer Tornado Cash.Įuler Finance issued a statement on Twitter saying that they are currently engaging with security professionals and law enforcement agencies and will release more information when ready. The attackers used an ETH wallet to store the stolen funds, which is being tracked, making it difficult for the perpetrator to move the stolen funds around and convert them to a usable form. Euler Finance is a lending protocol that was targeted by attackers who made off with multiple tokens, including $8.75 million worth of DAI, $18.5 million in WBTC, $33.85 million in USDC, and $135.8 million in stETH. Cryptocurrency Hackers have stolen $197 million in crypto from Euler Finance, a lending protoco.Ĭybercriminals have stolen $197 million in cryptocurrency from Euler Finance in a flash loan attack, according to reports. ![]()
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