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PeckShield Monitoring Shows Euler Finance Attacker Returned 10580 ETHs

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According to reports, PeckShield monitoring shows that the Euler Finance attacker returned the last 10580 ETHs this morning. Previously, EulerFinance tweeted that the attacker had

PeckShield Monitoring Shows Euler Finance Attacker Returned 10580 ETHs

According to reports, PeckShield monitoring shows that the Euler Finance attacker returned the last 10580 ETHs this morning. Previously, EulerFinance tweeted that the attacker had returned all the stolen funds.

Security team: Euler Finance attacker has returned the last 10580 ETHs

Introduction

Over the past few months, the crypto world has experienced a number of hacks and cyber-attacks leading to huge losses. One of the latest victims is Euler Finance, a DeFi platform that was recently attacked losing a significant amount of Ethereum. However, there seems to be good news for the platform, as PeckShield monitoring shows that the attacker has returned 10580 ETHs, which is a positive development for the platform.

Overview of Euler Finance Attack

Euler Finance is a decentralized finance platform that provides automated market maker (AMM) liquidity and yield farming with auto-compounding capabilities. The platforms unique features made it a prime target for crypto hackers. On May 22, 2021, Euler Finance suffered a massive attack which resulted in the loss of about $30 million worth of Ethereum.
Thorough investigations led by PeckShield and other experts revealed that the attackers exploited a weakness in the smart contract of Euler Finance. The attacker was able to execute several transactions and steal a significant amount of Ethereum held by users on the platform.

Peckshield Monitoring and Recovery

On June 5, 2021, documents revealed that the Euler Finance attacker had returned all the stolen funds. However, another statement from Euler Finance revealed that only about half of the stolen funds had been returned.
The good news is that PeckShield monitoring shows that the attacker has returned an additional 10580 ETHs. This move has raised hopes that the platform will be able to recover all the stolen funds eventually. The constant monitoring by PeckShield has also been critical in detecting and tracking the movement of funds by the attacker.

Conclusion

The return of the last 10580 ETHs by the Euler Finance attacker is a positive development for the platform. It shows that the efforts of the experts involved in the investigations and tracking of the stolen funds have paid off.

FAQs

Q1. How was Euler Finance attacked?
A1. Euler Finance was attacked through a weakness in its smart contract that allowed the hacker to execute several transactions and steal Ethereum.
Q2. Who is PeckShield?
A2. PeckShield is a leading blockchain security company that provides solutions for public chains, dApps, wallets, and miners.
Q3. Will Euler Finance recover all the stolen funds?
A3. The recovery of the last 10580 ETHs by the attacker is a positive development, and there is hope that the platform will eventually recover all the stolen funds.

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