Hacker Flash Loan Attack

On March 13, the security company BlockSec released data on social media, saying that Euler Finance suffered about 197 million dollars in the hacker flash loan attack, including 8877507.35 DAI, 849.14 WBTC, 34413863.42 USDC and 85818.26 stETH. The damage amount of Euler hacker attack is about 197 million dollars Analysis based on this information:BlockSec, a renowned security company, has revealed that Euler Finance suffered a loss of approximately 197 million dollars in a recent hacker flash loan attack that took place on March 13. The data which was released on social media revealed that the loss was in the form of different types of cryptocurrencies including 8877507.35 DAI, 849.14 WBTC, 34413863.42 USDC, and 85818.26 stETH. Euler Finance is a blockchain-based decentralized exchange built on the Ethereum blockchain network. Hackers carried out an attack by taking a flash loan from the exchange and swiftly exploiting the vulnerability in the contract feature. This attack allowed the hackers to manipulate prices and carry…