The hacker responsible for the $196 million attack on Euler Finance has started moving funds to cryptocurrency mixer Tornado Cash, just hours after a million dollar bounty was released to discover the hacker’s identity.
The blockchain analytics firm PeckShield tweeted on March 16 that the exploiter behind the flash lending attack on Ethereum’s non-custodial lending protocol was “on the move.”
The exploiter transferred 1,000 Ether (ETH), approximately $1.65 million, through the Tornado Cash cryptocurrency mixer.
#PeckShieldAlert @eulerfinance exploiter on the move
~1,000 $ETH into Tornado Cash through intermediary address 0xc66d…c9ahttps://t.co/LAkY66YpoF pic.twitter.com/0XhQV1nbgn— PeckShieldAlert (@PeckShieldAlert) March 16, 2023
#PeckShieldAlert: The @eulerfinance exploiter is on the move. Sent ~1,000 ETH to Tornado Cash via intermediary address 0xc66d…c9
It arrives only a few hours after Euler Labs will tweet which launched a $1 million reward for information leading “to the arrest of the Euler protocol attacker and the return of all funds.”
Just a day before Euler sent an on-chain message to the exploiter’s address, warning that he would drop a bounty “leading to your arrest and the return of all funds” if 90% was not returned within 24 hours.
The movement of funds to the cryptocurrency mixer could indicate that the hacker has not been swayed by Euler’s amnesty offer.
Peckshield noted that around 100 ETH, valued at $165,202 at the time of writing, was sent to a wallet address likely owned by one of the victims. An on-chain message sent by the wallet address had previously begged the attacker for the return of his “life savings.”
WOW!@eulerfinance Exploiter returned 100 $ETH to some guy who begged him for the money back as it was his life savingshttps://t.co/Gz9aCUZB0H pic.twitter.com/DhZBenqtuS
— Wazz (@WazzCrypto) March 16, 2023
Wow! The @eulerfinance exploiter returned 100 ETH to a guy who begged him to pay him back as it was his life savings.
This led to many other victims sending messages to the address in the hope that they would also get their funds back.
A message affirmed that “that’s twenty-six families from rural areas without jobs”, who lost “a million USDT in total”, adding that their share of the funds in the protocol were the “life savings of our last decades of working in factories. “
Another apparent victim sent the attacker a message congratulating him on his “great win” and said he had invested funds in Euler that he “badly needed” for a house.
“My wife is going to kill me if we can’t pay for our house […] is there a way [sic] in which you can help me? I have no idea what to tell my wife,” she wrote.
According to on-chain data, the $196 million stolen from Euler consisted of Dai (DAI), USD Coin (USDC), staked ETH, and wrapped Bitcoin (WBTC).
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