Euler Finance hacker sends 100 ETH to a North Korean address marked with a red flag

Since Euler Finance fell sufferer to the most important decentralized finance (DeFi) hack of 2023, The cryptocurrency neighborhood has been carefully following the $197 million loot through on-chain, hoping to trace down the attacker.. Of the collection of transfers made by the hacker, one 100 Ether (ETH) transaction was allegedly despatched to an handle related to North Korean-linked actors.

The blockchain researcher Chainalysis recognized that 100 ETH of Euler’s stolen funds had been transferred to an handle flagged in a earlier hack with ties to North Korea..

100 ETH stolen within the Euler Finance hack on Monday has been moved to an handle related to a earlier hack carried out by actors linked to North Korea. This will likely imply that the Euler hack can also be the work of #DPRK, or it might be a mistake by different hackers. We are going to share extra particulars when potential.

The hacker additionally transferred 3,000 ETH to Euler’s deployer account with out disclosing his intention.. Nonetheless, as of this writing, no different transfers had been made after that. In each circumstances, it was not clear if it was a ploy by the hacker or if he was truly contemplating accepting Euler Finance’s $20 million bounty.

Though Chainalysis was suspicious of North Korean involvement within the Euler Finance hack, it highlighted the likelihood that different hackers had been mistaken.

Euler Labs CEO Michael Bentley shared his disgust on the $197 million hack, revealing that ten unbiased audits carried out over two years ensured its security.

Euler has all the time been a security-conscious mission. Euler sensible contracts, together with weak traces of code, had been audited.

As BoxNews beforehand reported, lBlockchain safety corporations together with Halborn, Solidified, ZK Labs, Certora, Sherlock, and Omnisica carried out sensible contract audits at Euler Finance from Might 2021 to September 2022..

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