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Euler Finance Offers a Deal to Release Information to Hackers

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Euler Finance Offers a Deal to Release Information to Hackers

On March 15th, the loan agreement Euler Finance continued to release information to hackers on the chain. Euler said that the simplest way is to return 90% of the DAI and ETH under your control to the EulerDAO vault address, and 10% as a white hat hacker reward. Then, the investigation will be stopped, and the focus can be shifted to distributing funds to the agreement users without resorting to legal channels.

Euler: If a hacker returns 90% of the stolen DAI and ETH, the remaining 10% can be used as a white hat hacker reward

Analysis based on this information:


Euler Finance, a loan agreement, recently informed the public that it has been receiving information from hackers on the chain, and has come up with a deal to stop the investigation by distributing funds to the agreement users. The easiest way to conclude the information sharing deal is for hackers to return 90% of the DAI and ETH under their control to the EulerDAO vault address, with the remaining 10%, serving as a white hat hacker reward.

The offer by Euler Finance comes as a significant turn of events amidst an increase in cybersecurity issues. With the rise of blockchain technology, cybersecurity has become a significant concern, and identifying exploitable vulnerabilities in these systems has become lucrative for hackers. Ethical hacking, however, has been critical in identifying security issues before cybercriminals exploit them.

In this case, Euler Finance’s willingness to negotiate and come up with a deal with the hackers is a positive step towards addressing cybersecurity issues. By offering a reward for the hackers had assistance in identifying security flaws in their systems, Euler Finance recognizes the value of ethical hacking as an essential tool in addressing cybersecurity vulnerabilities.

Moreover, Euler Finance’s strategy of removing legal channels in its efforts to distribute funds shows that they are ready to work towards resolving the issue internally rather than engaging in lengthy court cases. Indicating a willingness to cooperate to resolve the issue in-house unilaterally through negotiation is a positive step towards achieving a peaceful resolution.

In conclusion, Euler Finance’s offer of a deal to the hackers is an essential move in acknowledging the role of ethical hacking as a significant tool in preventing cybercriminals from exploiting vulnerabilities within systems. The company’s strategy of negotiating with the hackers and avoiding legal channels to address cybersecurity issues underscores the importance of collaboration amongst stakeholders to combat cybersecurity issues.

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