Euler 24-hour ultimatum for hackers: return 90% of stolen funds or face arrest

  • Euler sent two related messages to the hacker who stole nearly $200 million from the protocol.
  • The hacked Euler threatened with arrest.
  • The scalper has not done anything yet with the funds.

Euler, that Ethereum– Lending protocol based, doing its best to refund Almost 200 million dollars worth of different coins Which was stolen by a hacker two days ago.

On Tuesday, the team behind the project sent a message up the chain to the address holding the stolen funds. The message stated that if the exploiter did not return 90% of the funds within the next 24 hours, he would eventually be arrested.

“Follow up on our letter from yesterday. If 90% of the funds are not returned within 24 hours, tomorrow we will launch a $1 million reward for information leading to your arrest and the return of all funds.”

If the hacker accepts the offer, he would need to return about $176.4 million to Euler and keep $19.6 million in reward.

Then Euler sent another letter on Wednesday to the hacker again, requesting the return of 90% of the stolen money.

“The simplest way forward today is to return 90% of both DAI and ETH under your control to the EulerDAO locker address. Then the investigations can be stopped, and the focus here can shift to distributing that back to users of the protocol, without having to go down the legal route.” .

This is Euler’s third letter to the hacker. hours after the attacker Use quick credits to exploit a mistake In one of Euler’s smart contracts on Monday, Euler sent a more benign message.

“We understand that you are responsible for this morning’s attack on the Euler platform. We are writing to see if you are open to speaking with us about any potential next steps.”

Euler also said it has already contacted UK and US law enforcement and is working with its security partners to recover the money.

on the flip side

  • Several observers said the hacker had virtually no incentive to return the stolen funds as Euler already appears to be working with law enforcement agencies.

Why should you bother

Crypto platforms are still dangerous for users. Any user who wants to use DeFi should always do their due diligence before choosing which platform to invest in to avoid losing their money due to a hack.

Read more about Euler’s breakthrough:

Blood on the Streets: DeFi Protocol Euler Hacked for Almost $200 Million

Read more about ZkEVM Polygon:

Polygon (MATIC) zkEVM Receives Final Approval for the March Edition

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