Euler Labs

On March 17th, in a series of tweets released today, Michael Bentley, CEO of Euler Labs, described the “toughest days” of his life after Euler’s $197 million flash loan attack on March 13th. He forwarded a message shared by a user stating that Euler had 10 audits from 6 different companies, and commented that the platform “has always been a security conscious project.”. From May 2021 to September 2022, blockchain security companies such as Halborn, Solidified, ZK Labs, Certora, Sherlock, and Omnisica conducted smart contract audits on Euler Finance. CEO of Euler Labs: The protocol underwent 10 audits in two years before being attacked Analysis based on this information:The CEO of Euler Labs, Michael Bentley, has shared his thoughts on the recent flash loan attack that resulted in the loss of $197 Million. In a series of tweets released on March 17th, Bentley described the aftermath of the attack as the “toughest days” of his life. Euler Labs is a…

According to reports, according to PeckShield data, Euler Labs hackers have transferred 1000 ETH to the mixer Tornado Cash. It is reported that this transaction was processed through the intermediate address “0xc66d… c9a”. Euler Hacker Transferred 1000 ETH to Tornado Cash Analysis based on this information:According to recent reports, Euler Labs hackers have transferred 1000 ETH to the mixer Tornado Cash. The transaction data was collected and analyzed by PeckShield, a security company that specializes in blockchain security. The transfer was processed through an intermediate address that is identified as “0xc66d…c9a”. This latest incident highlights the ongoing threat of hackers when it comes to cryptocurrency. Hackers continue to target exchanges, wallets, and other cryptocurrency platforms in attempts to steal digital assets. This particular transfer involved a sophisticated hacking group known as Euler Labs, which has a history of targeting decentralized exchanges. The hackers’ decision to transfer the stolen ETH to Tornado Cash also demonstrates the increased adoption of decentralized mixers…