On the afternoon of March 13, the crypto community was buzzing with information that the Euler Finance lending protocol was hacked, stealing an amount of up to 177 million USD.
Based on blockchain data, the attacker flashed 30 million DAI from Aave, then used this money on Euler Finance, a DeFi protocol in lending, to withdraw.
Hi @eulerfinance: you may want to take a look: https://t.co/L7ddZhHNq5
— PeckShield Inc. (@peckshield) March 13, 2023
According to security unit BlockSec, the estimated damage from the attack is around $177 million in the form of DAI, WBTC, stETH, and USDC.
2/ The total loss in four attack transactions is around 177M USD.
see the link:https://t.co/ovUWiWlW2l pic.twitter.com/pT7euG2P9w
— BlockSec (@BlockSecTeam) March 13, 2023
However, Etherscan marked two hacker wallets with a total stolen amount of $187 million.
Euler Finance was hacked and lost ~96,833 $ETH ($153M) and ~34M $DAI. @eulerfinance
Attention if you have assets on #Euler!https://t.co/jBQcxjzYbkhttps://t.co/NPGaVUYkcf pic.twitter.com/aTGvFRWwrw
— Lookonchain (@lookonchain) March 13, 2023
Thus, with a loss of up to 9 digits, this is the most serious DeFi hacking event of 2023 as of March.
Euler Labs said it is aware of the situation and is working with security experts, promising to provide more information about the incident in the next updates.
We are aware and our team is currently working with security professionals and law enforcement. We will release further information as soon as we have it. https://t.co/bjm6xyYcxf
— Euler Labs (@eulerfinance) March 13, 2023
Euler’s EUL token price is down by 45%.
Synthetic Kyptos
