After beginning to return some of the funds last weekend, DeFi protocol hacker Euler Finance has returned around another $80 million. In addition, he issued an apology from on-chain messages. Is he overwhelmed by the consequences of his actions?
Euler Finance hacker once again returns funds
The Euler Finance hack definitely turns out to be an attack like no other, both in its magnitude and the events that followed. Indeed, the attacker or attackers had previously informed that they were open to negotiation, before returning nearly 100 million dollars last Saturday.
Furthermore, the on-chain messages seemed to show some impatience on the part of the attacker to resolve the situation, and lo and behold, yesterday, an additional approximately $80 million was returned.
Indeed, the 40.7 million DAI distributed a few days ago over three different addresses were returned to the “Euler Deployer” smart contract, and three other transactions of 7,738.05 ETH each also took place from the said addresses. .
It would therefore be missing approximately less than twenty million dollars out of the 197 million stolenalthough the variation of prices and the exchanges carried out can complicate the count.
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Signs of panic?
It is difficult to put yourself in the hacker’s shoes to understand his real intentions, but the public elements at our disposal lead us to believe that it could be overtaken by events.
Indeed, the address from which the majority of the activity takes place since the hack initiated two transactions to itself in order to deliver two on-chain messages visible to everyone. The first post apologizes and indicates that the missing funds will be returned promptly :
“The rest of the money will be returned as soon as possible. I’m only looking for my safety, and that’s the reason for the delay. I’m sorry for any misunderstanding. Please read my next post. »
A minute later, the following message was sent, the hacker identifying himself under the pseudonym of Jacob:
“It’s Jacob. I don’t think what I’m saying will help me in any way, but I want to say it anyway. I screwed up. I didn’t want to, but I gambled with other people’s money, other people’s jobs, other people’s lives. I really screwed up. I’m sorry.[…]»
As with the first return of funds this weekend, Euler Labs had not yet made a public communication on Twitter when writing these lines.
Anyway, if Chainalysis was able to identify a transaction sent to an address associated with the North Korean hacker group Lazarus, it seems rather that it was done to cover the tracksgiven the turn of events since then.
👉 Also in the news — False audit, insider trading, opacity of operations… 4 takeaways from the CFTC complaint against Binance
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I timidly discovered the world of blockchain at the end of 2018 during my quest for financial freedom. Initially invested moderately, it was only two years later that I took the gamble of betting everything on the movement that was taking shape then. I then dedicate 2021 to training myself better to acquire more knowledge and seriousness. As I often like to say: I still have a billion things to learn. And what I do know, I want to share with you.
Vincent Mayor
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