Euler Labs has been exploited for $177 million in 4 transactions, according to Blockchain protection firm BlockSec.
The wise agreement auditing company added that two more attack transactions took the total loss to $197 million.
According to a google document shared by the company, the malicious players stole $8.76 million really worth of DAI, $33.85 million USDC, 849 Wrapped Bitcoin (WBTC) worthy of $18.5 million, and 85,817 staked Ethereum (stETH) value $135.8 million.
One more on-chain facts services company Arkham Intelligence corroborated BlockSec’s acquiring.
The British isles-based firm confirmed that it was mindful of the exploit. It extra:
“We are mindful and our crew is presently doing work with security specialists and legislation enforcement. We will release more information as quickly as we have it.”
Adhering to the information, Euler Labs’ EUL token has plunged by approximately 48% to 3.10, in accordance to CoinMarketCap information.
Euler Finance delivers on-chain lending companies and accomplished a $32 million funding spherical that included Coinbase and defunct crypto trade FTX in 2022.
The put up Euler Finance EUL crashes 48% next $197M hack appeared to start with on CryptoSlate.
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