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Euler Surges 15% After Protocol Recovers All Stolen Funds

Euler's EUL token rallied by around 15% to reach $3.96 in the past 24 hours, according to data from CryptoSlate. The positive price performance was influenced by news that the decentralized finance (DeFi) project had recovered all the stolen funds from a hack on March 13. Euler Labs, the project's developer, announced that all recoverable funds had been successfully returned by the exploiter. The protocol also stated that it would no longer accept new information for its $1 million reward campaign, which it used to incentivize the community to provide information on the exploiter. At the time of writing, EUL's value had retraced to $3.40.

(By Oluwapelumi Adejumo)

Euler Euler $4.99
-1.2%
Euler Finance
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