Euler Finance

It is reported that the official Twitter of Euler Finance, the loan agreement, said that the solution currently proposed is that users affected by the vulnerability will be able to apply for refunds and will use the remaining funds in the treasury to process refunds. Euler Finance: will use the remaining funds in the treasury to process the refund Analysis based on this information:Euler Finance, a decentralized finance (DeFi) protocol, has recently reported a vulnerability in its platform. According to the official Twitter account of Euler Finance, there is a solution proposed to mitigate and handle the impacts of the vulnerability. Euler Finance stated that users who have been affected by the issue can apply for a refund, and the remaining funds in the treasury will be used to process such refunds. This initiative taken by Euler Finance shows its commitment to the security and welfare of its users. By proposing a refund solution instead of sweeping the matter under…

On March 13, Aztec said on social media that the vulnerability of Euler Finance would affect Aztec Connect users who tried to withdraw funds, and currently the affected users could not withdraw funds. Aztec cannot control the integration with Euler, and Aztec Connect functions normally. Aztec: Affected Aztec Connect users will not be able to withdraw money from Euler Analysis based on this information:Recently, Aztec announced on their social media platform that users of Aztec Connect would be affected by the vulnerability of Euler Finance. Euler Finance is a third-party integration used by Aztec Connect, and the vulnerability in its system has caused a disruption in the process of fund withdrawal for users of Aztec Connect. As a result, affected users cannot withdraw funds from their Aztec Connect account. However, it should be noted that Aztec Connect, as a platform, is unaffected by the Euler Finance vulnerability and all other functions are working normally. Upon closer examination, the message from…

12:00-21:00 Key words: HSBC Holdings, Hong Kong Monetary Authority, Euler Finance, Silicon Valley Bank Overview of important developments in the evening of March 13 Analysis based on this information:HSBC Holdings, one of the largest international banks in the world, has made significant strategic moves in the last few years by collaborating with the Hong Kong Monetary Authority (HKMA), Euler Finance, and Silicon Valley Bank. The message indicated that the collaboration took place between 12:00 to 21:00, leaving much room for interpretation. However, a possible explanation is that these strategic moves are part of HSBC’s global business expansion plans, which requires the bank to leverage on the expertise and resources of its partners in Hong Kong, Europe, and the United States. One of HSBC’s key partners in Hong Kong is the HKMA, a regulatory body that oversees the city’s banking and financial system. The message suggests that HSBC cut a deal with the authority between noon and 9 pm, possibly to…

On March 13, according to the monitoring of 0xScope Protocol, some projects and the address of whales were affected in the Euler Finance attack, including: 0xScope: Millions of dollars of assets of several agreements are stranded in Euler agreement Analysis based on this information:On March 13, the DeFi industry was hit by yet another attack that targeted Euler Finance. According to the monitoring of 0xScope Protocol, several projects and the wallet addresses of prominent investors, aka whales, were affected by the breach. This incident highlights the vulnerability of DeFi projects and the risk posed to market participants, particularly those with a significant stake or influence. DeFi, which stands for decentralized finance, has seen significant growth in recent years as investors flock to the space in search of greater returns and more control over their financial assets. However, as the Euler Finance attack shows, the sector is not immune to security vulnerabilities and risks. In this particular case, hackers exploited the…

According to PeckShield’s analysis, Euler Finance was used in a series of transactions on Ethereum (hacker transaction address) due to its logical flaws in donation and liquidation, resulting in a loss of about 197 million dollars. Specifically, DonateToReserves needs to ensure that donors still have excess collateral, and liquidation needs to ensure the “correct” conversion rate from loans to mortgaged assets. In addition, two hackers participated in the attack: 0x5F2… 8B8c and 0xBcA… 7c5C. Euler Finance was attacked due to logical flaws in its donation and liquidation Analysis based on this information:PeckShield’s analysis has revealed that Euler Finance, an Ethereum-based platform, was prone to logical flaws in donation and liquidation, leading to a loss of approximately 197 million dollars. The DonateToReserves feature was not ensuring that donors still had excess collateral, while the liquidation option was failing to ensure the “correct” conversion rate from loans to mortgaged assets. As a result, the platform was exposed to a security breach scheme…

It is reported that according to PeckShield monitoring, Euler Finance attackers have begun to transfer stolen funds to Tornado Cash, and at least 100 Ethereum have been transferred through the address beginning with 0xc66d. Euler Finance attackers have begun to transfer stolen funds to Tornado Cash Analysis based on this information:PeckShield, a leading blockchain security company, has reported that hackers responsible for the recent attack on Euler Finance have started to transfer stolen funds to Tornado Cash. Euler Finance, a decentralized finance (DeFi) platform, suffered a major hack on March 30, 2021, resulting in the theft of around $40 million worth of cryptocurrency. The hackers have been using various decentralized exchanges (DEXs) and mixing services to launder the stolen funds. According to PeckShield’s monitoring, at least 100 Ethereum has been transferred through an address beginning with 0xc66d to Tornado Cash. Tornado Cash is a privacy-focused Ethereum mixer that allows users to send and receive Ether and other ERC-20 tokens anonymously….

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…

On March 13, according to market data, EUL (Euler Finance) fell below US $5, and is now quoted at US $4.76, down 20.73% in 24 hours. EUL fell below US $5, and fell more than 20% for a short time Analysis based on this information:The market slump that began last year and continued into the first quarter of 2021 has once again dealt a heavy blow on Euler Finance (EUL). According to market data, EUL fell below $5 and is now quoted at $4.76, taking a 20.73% dip within 24 hours. This means a considerable decline in value, which holds serious implications for the asset management and investment industry. One explanation for the decline is the market volatility and its disruption to tech stocks, which hurt a stock’s earnings and market valuation. A stock like EUL is no exception, with the recent trend of negative fluctuations disrupting its growth and profitability. The current decline in value is a result of…

On March 13, the independent analyst CIA Office said on Twitter that according to the monitoring of the security team BlockSec, the DeFi loan agreement Euler Finance was suspected to have been attacked. At present, 8.89 million DAIs and 8080 WETHs have been stolen. The latest data on the chain shows that the attack seems to be continuing, with a total loss of more than 190 million dollars. Euler Finance is suspected to have been attacked, and 8.89 million DAIs and 8080 WETHs were stolen Analysis based on this information:On March 13, 2021, the independent analyst CIA Office tweeted about the suspected attack on the decentralized finance (DeFi) loan agreement, Euler Finance, as monitored by the security team, BlockSec. According to the tweet, the hackers have stolen 8.89 million DAIs (a stablecoin pegged to the US dollar) and 8080 WETHs (Wrapped Ether, a token that represents Ether on the Ethereum blockchain). As of the latest blockchain data, the attack is…