Euler Finance hacker despatched 100ETH to Ronin Bridge exploiter

Euler (EUL) Finance exploiter despatched 100 Ethereum (ETH) — well worth $170,468 — to the Ronin Bridge exploiter on March 17.

On-chain analyst Lookonchain questioned no matter whether the transaction showed that the two hackers ended up the exact person or if the transfer was intentional.

The Ronin Bridge exploit was joined to the infamous North Korean hacker group Lazarus — circulating speculations of no matter whether the team was also driving Euler Finance’s exploit.

In the meantime, the transaction does not give conclusive evidence about the romantic relationship amongst equally get-togethers. The Euler Finance attacker had tried to obfuscate his transactions by means of sanctioned mixing protocol Twister Funds. The attacker also despatched 100 ETH to just one of the victims of the exploit.

The Lazarus group was accountable for the $625 million Ronin bridge exploit in March 2022, in accordance to the Federal Bureau of Investigation (FBI). The US Section of the Treasury additional the hacker team to its Business office of Foreign Property Manage (OFAC) sanctions list.

The FBI has also held Lazarus Group and APT38 as accountable for the $100 million exploit of the Horizon bridge. Although the North Korean governing administration has denied sponsoring Lazarus and APT38, regulation enforcement businesses have connected quite a few crypto assaults to North Korean hackers.

Euler Labs CEO stated exploited codes had been audited

The Euler Labs CEO Michael Bentley stated the DeFi protocol has constantly been a stability-minded challenge, adding that its sensible contracts — like the vulnerable traces of code — were being audited.

Bentley was responding to a victim who tweeted that the protocol experienced had ten different audits from six companies involving 2021 and 2022.

In a March 17 Twitter thread, Bentley stated this was the most hard period of his everyday living as he experienced to sacrifice time with his newborn son. For this, he claimed he would under no circumstances forgive the attacker.

The CEO reiterated the project’s determination to discovering the attacker, urging anybody with data that could guide to his arrest to come ahead.

Bentley concluded that:

“Everyone connected with Euler is doing the job tirelessly to reach the very best feasible results as speedily as feasible.”

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