{"id":563028,"date":"2023-03-13T13:17:00","date_gmt":"2023-03-13T10:17:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/euler-finance-hacked-for-over-195m-in-a-flash-loan-attack\/"},"modified":"2023-03-13T13:17:00","modified_gmt":"2023-03-13T10:17:00","slug":"euler-finance-hacked-for-over-195m-in-a-flash-loan-attack","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/euler-finance-hacked-for-over-195m-in-a-flash-loan-attack\/","title":{"rendered":"# Euler Finance hacked for over $195M in a flash loan attack"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a287a402f47e\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a287a402f47e\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/euler-finance-hacked-for-over-195m-in-a-flash-loan-attack\/#%E2%80%9D_Euler_Finance_hacked_for_over_195M_in_a_flash_loan_attack_%E2%80%9C\" >&#8221; Euler Finance hacked for over $195M in a flash loan attack &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Euler_Finance_hacked_for_over_195M_in_a_flash_loan_attack_%E2%80%9C\"><\/span>&#8221; Euler Finance hacked for over $195M in a flash loan attack &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-48054ca8>Ethereum-based noncustodial lending protocol Eurler finance faced a flash loan attack on March 13, with the attacker managing to steal millions in Dai (DAI), USD Coin (USDC), staked Ether (StETH) and wr<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ed Bitcoin (WBTC).<\/p>\n<p>According to on-chain data, as per the last update, the exploiter carried out multiple transactions, stealing nearly $196 million. The ongoing attack has already become the largest hack of 2023.\u00a0The breakdown of stolen funds is as follows:\u00a0<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-03\/bae38814-9b3f-40b4-8200-db0a34b065a5.png\"><figcaption style=\"text-align: center;\"><em>Funds stolen from Euler Finance. Source: BlockSec.<\/em><\/figcaption><\/figure>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/MetaSleuth\/status\/1635210320636682242?s=20\">According<\/a>\u00a0to crypto analytic firm Meta Seluth, the attack correlates with the deflation attack one month ago. The attacker used a multichain bridge to transfer the funds from the BNB Smart Chain (BSC) to Ethereum and launched the attack today.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2023-03\/cadaadd2-96ce-4476-a77b-a8c27431e2ca.jpg\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>Movement of funds from Euler Finance. Source: Meta Seluth<\/em><\/figcaption><\/figure>\n<p>ZachXBT, another prominent on-chain sleuth, reiterated the same and said\u00a0that the movement of funds and the nature of the attack seems quite similar to black hats that exploited a BSC-based protocol last month. After exploiting a protocol on BSC, the funds were deposited to the crypto mixer, Tornado Cash.\u00a0<\/p>\n<p>The stolen funds are currently sitting in the following hacker addresses:<\/p>\n<ul>\n<li>0xebc29199c817dc47ba12e3f86102564d640cbf99 (Contract) &#8211; 8,877,507.34 DAI<\/li>\n<li>0xb2698c2d99ad2c302a95a8db26b08d17a77cedd4 &#8211; 8,080.97 ETH<\/li>\n<li>0xb66cd966670d962c227b3eaba30a872dbfb995db &#8211; 88,752.69 ETH &amp; 34,186,225.91 DAI<\/li>\n<\/ul>\n<p>Euler Finance acknowledged the exploit and said they are currently working with security professionals and law enforcement to resolve the issue.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">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. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/bjm6xyYcxf\">https:\/\/t.co\/bjm6xyYcxf<\/a><\/p>\n<p>\u2014 Euler Labs (@eulerfinance) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/eulerfinance\/status\/1635218198042918918?ref_src=twsrc%5Etfw\">March 13, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Euler Finance raised $32 million in a funding round last year that saw participation from FTX, Coinbase, Jump, Jane Street and Uniswap. <\/p>\n<p>Euler Finance became quite popular for offering liquid staking derivatives (LSDs) services. LSDs are a relatively new type of token that enable stakers to augment potential returns by unlocking liquidity for staked cryptocurrency, such as Ether (ETH). Currently, LSDs make up to 20% of total value locked in decentralized finance protocols.<\/p>\n<p class=\"post-content__disclaimer\">This is a developing story, and further information will be added as it becomes available.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/euler-finance-hacked-for-over-195m-in-a-flash-loan-attack\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Euler Finance hacked for over $195M in a flash loan attack &#8220; Ethereum-based noncustodial lending protocol Eurler finance faced a flash loan attack on March 13, with the attacker managing to steal millions in Dai (DAI), USD Coin (USDC), staked Ether (StETH) and wrapped Bitcoin (WBTC). According to on-chain data, as per the last&#8230;<\/p>\n","protected":false},"author":1,"featured_media":563029,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2023-03\/e037df0c-04a2-45bd-bc86-e27095e6efd8.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,74877,74868,74882,70944,73808],"class_list":["post-563028","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-decentralized-exchange","tag-defi","tag-hacks","tag-hackers","tag-loans"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/563028","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=563028"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/563028\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/563029"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=563028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=563028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=563028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}