Euler Finance hacker has started moving some of the stolen funds through sanctioned mixing protocol Tornado Cash, according to on-chain data.

The hacker responsible for the $196 million attack on Euler Finance has begun moving funds into crypto mixer Tornado Cash, only hours after a $1 million bounty was launched to uncover the hacker's identity. Blockchain analytics firm PeckShield tweeted on March 16 that the exploiter behind the flash loan attack on the Ethereum noncustodial lending protocol was “on the move.” The exploiter transferred 1,000 Ether, approximately $1.65 million, through sanctioned crypto mixer Tornado Cash. (Cointelegraph)

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Decentralized lending protocol Euler Finance will offer a $1 million reward for information about the attackers behind its nearly $200 million exploit that occurred Monday. In on-chain messages sent from Euler's deployer contracts, developers said: "Following up on our message from yesterday. If 90% of the funds are not returned within 24 hours, tomorrow we will launch a $1M reward for information that leads to your arrest and the return of all funds." The move followed another message to the exploiters in late U.S. hours on Monday. "We understand that you are responsible for this morning's attack on the Euler platform. We are writing to see whether you would be open to speaking with us about any potential next steps," developers said. (Coindesk)

Decentralized finance (DeFi) lending protocol Euler Finance became a victim of a flash loan attack on March 13, resulting in the biggest hack of crypto in 2023 so far. The lending protocol lost nearly $197 million in the attack and impacted more than 11 other DeFi protocols as well.

Euler Finance is a protocol that operates as a permissionless lending protocol. Its primary goal is to facilitate lending and borrowing of various cryptocurrencies for users. The UK-based tech startup utilizes mathematical principles to develop non-custodial protocols on Ethereum and other blockchain networks, with a focus on achieving high performance.

Ethereum-based noncustodial lending protocol Euler Finance was targeted by a flash loan attack on 13 March. The attacker was successful in stealing almost $197 million in Dai, USD Coin (USDC), staked Ether (StETH), and wrapped Bitcoin (WBTC).

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Euler Labs has been exploited for $177 million in four transactions, according to Blockchain security firm BlockSec.

Ethereum-based non-custodial lending protocol Eurler finance faced a flash loan attack on March 13, with the attacker managing to steal millions in DAI, USDC, staked Ether (StETH) and wrapped Bitcoin (WBTC).