Euler Finance, a leading cryptocurrency lending platform, recently experienced a significant cyber attack in which approximately $200 million was stolen. The event quickly became one of the largest hacks in cryptocurrency history.
Following the attack, Euler Finance proposed a deal in which the hacker would return 90% of the stolen funds. After extensive negotiations, the hacker apologized and agreed to repay the funds. The recovery process began on March 18th, with $5.4 million returned to Euler Finance. Over the next several days, the hacker continued to send funds back in sporadic transactions, including a single transaction of $102 million in Ethereum (ETH).
On March 28th, the hacker sent a series of on-chain messages using their login data, expressing remorse and committing to return the remaining funds as soon as possible.
Euler Finance recently announced on its official Twitter account that all stolen funds have been recovered.
In conclusion, the full recovery of stolen funds in the Euler Finance cyber attack serves as a powerful reminder of the importance of implementing stringent cybersecurity measures and vigilance in protecting digital assets in the rapidly growing cryptocurrency space.