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<h2 id="header-0">Key Takeaways</h2><ul><li>#Euler Finance may recover the $196 million stolen in a flash loan attack as the exploiter has admitted to sending the funds to a North Korean address and expressed a desire to reach an agreement with Euler</li><li>Euler Finance has responded by requesting a private conversation with the exploiter and providing options for communication to find a solution that benefits both parties</li><li>A recent development, where Euler received an address claiming to have discovered a &#34;solid string of connections,&#34; could potentially lead to identifying the exploiter behind the attack</li></ul><h3 id="euler-finance-is-making-significant-strides-towards-recovering-the-funds-that-were-stolen-in-a-flash-loan-attack">#Euler Finance is making significant strides towards recovering the funds that were stolen in a flash loan attack</h3>Euler Finance, an <a href="https://www.coingabbar.com/en/crypto-currency-news/ethereum-dev-declares-the-final-date-for-shapella-upgrade" rel="noopener noreferrer nofollow">Ethereum</a>-based lending protocol, may be on the path to recovering the $196 million that was stolen in a flash loan attack. The exploiter has admitted to sending the funds to a North Korean address and has expressed a desire to reach an agreement with Euler and make things right for all those affected by the attack.Euler Finance has responded by acknowledging the communication and requesting a private conversation with the exploiter. The options provided for communication show a willingness to work with the exploiter to find a solution that benefits both parties.Previously, Euler attempted to negotiate with the exploiter, demanding the return of 90% of the stolen funds within 24 hours or facing legal repercussions. Unfortunately, there was no response from the exploiter, prompting Euler to offer a $1 bounty reward for any information leading to the arrest and return of the funds.Although the identity of the exploiter remains unknown, the language used in recent communications suggests that more than one person may be involved. <a href="https://www.coingabbar.com/en/crypto-blogs-details/five-teenagers-from-vizag-lost-crores-in-crypto-fraud" rel="noopener noreferrer nofollow">Blockchain</a> analytics firm Chainalysis has speculated that the hack may be the work of the Democratic People&#39;s Republic of Korea (DPRK), citing a recent transfer of 100 Ether (ETH) to a wallet address associated with North Korea. However, the firm also acknowledges that this could be an intentional misdirection tactic.Interestingly, the exploiter&#39;s wallet address has been linked to several transactions, including the return of 3000 ETH to #Euler Finance on March 18, as well as funds sent to #crypto mixer Tornado Cash and even a victim of the exploit. Despite these clues, the hunt for the exploiter continues.On March 20th, Euler received another address on-chain, which claimed to have discovered a &#34;solid string of connections&#34; that could potentially lead to the identification and location of the exploiter. This development is significant as it could provide crucial information in uncovering the culprit behind the exploit.Overall, the willingness of the exploiter to engage in discussions and make amends is a positive sign for Euler Finance and its users. Euler Finance will continue to work towards recovering the stolen funds and ensuring the security of its platform. It remains to be seen whether a mutually beneficial agreement can be reached, but the recent developments are a step in the right direction.Also read - <a href="https://www.coingabbar.com/en/crypto-currency-news/crypto-update-mar-cryptocurrency-fear-greed-index-reached-highest-point" rel="noopener noreferrer nofollow">24 Hrs Crypto Update, Mar 20: Cryptocurrency Fear and Greed Index has reached its highest point</a>

Euler Finance on Path to Recover Stolen Fund in Flash Loan Attack

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Інші статті, опубліковані 22 бер. 2023 р.

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