The hacker responsible for the $196 million attack on Euler Finance has been released into cryptocurrency mixer Tornado Cash just hours after a $1 million bounty was issued to reveal the identity of the hacker. Started transferring funds.
Blockchain analytics firm PeckShield tweeted on March 16 that the abusers behind the flash loan attack against Ethereum’s non-custody lending protocol are “in motion.”
Abusers transferred 1,000 Ether (ETH), approximately $1.65 million, through Tornado Cash, a licensed crypto mixer.
#PeckShieldAlert @ Euler Finance Exploiters on the move
~1,000 $ETH to Tornado Cash via intermediate address 0xc66d…c9ahttps://t.co/LAkY66YpoF pic.twitter.com/0XhQV1nbgn— PeckShieldAlert (@PeckShieldAlert) March 16, 2023
Just hours from the Euler Institute murmured announced a $1 million reward for information leading to the “arrest of the Euler protocol attackers and the return of all funds.”
Just a day earlier, Euler sent an on-chain message to the abuser’s address, warning that if 90% weren’t returned within 24 hours, it would launch a bounty “leading to your arrest and the return of all funds.” .
The movement of funds to the crypto mixer could indicate that the hackers were not swayed by Euler’s pardon offer.
Peckshield noted that approximately 100 ETH worth $165,202 at the time of writing was sent to a wallet address believed to belong to one of the victims. An on-chain message sent from a wallet address asked the attackers to return the “lifesaving”.
oh!@ Euler Finance Exploiter returned 100 $ETH To the man who asked for the money back as it was a saving of his lifehttps://t.co/Gz9aCUZB0H pic.twitter.com/DhZBenqtuS
— Wazz (@WazzCrypto) March 16, 2023
This led to many other victims sending messages to that address in hopes of getting their funds back.
Related: Euler Attack Locks Tokens, Causes Losses for 11 DeFi Protocols Including Balancer
one message said They said they were “26 rural families out of work” who lost “a total of 1 million USDT” and their share of the funds in the protocol was “lives saved from past decades of work in factories”. Added.
Another apparent victim sent a message to the attacker, congratulating him on a “big win” and saying he had invested money in Euler, which he “direly needed” to build a house.
“My wife is going to kill me if I can’t afford the house.” […] is there anyway [sic] can you help me I don’t know what to say to her wife,” they wrote.
According to on-chain data, the $196 million stolen from Euler consisted of Dai (DAI), USD coin (USDC), staked ETH and wrapped Bitcoin (WBTC).
