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Yield Protocol announced on June 27 that it had fully recovered from the Euler flash loan attack. Liquidity providers can now update their strategy tokens, the protocol said on Twitter. That was the last step to protocol restoration after “a long journey.”Yield Protocol was one of the 11 decentralized finance
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Nexus Mutual, one of the largest insurance platforms covering high-risk decentralized finance (DeFi) deposits, is waiting to get paid back by five clients who filed claims after the March incident, according to on-chain data. Together, those clients represent about $2 million in crypto of the nearly $2.4 million in total
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On April 12, Ethereum-based noncustodial lending protocol Euler Finance announced that it would open redemptions after hackers returned the vast majority of assets stolen in a $197 million flash loan exploit last month. Euler says it will repay all sub-account liabilities at the block the protocol was disabled on March 13.
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Users are able to redeem their share of recovered funds, which stand at 95,556 ether (ETH) and $43 million of the DAI stablecoin, collectively worth about $223 million based on current prices. The price of EUL, the native governance token of the Euler Protocol, has increased 2.5% in the past
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Created five days ago, the proposal aims to let Euler users redeem their capital as soon as possible. Submitted by co-founder Doug Hoyte, this has been “chosen as the optimum approach” by the Euler Foundation, Euler Labs and external advisers, according to the proposal. Original Source
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The pseudonymous Twitter user and blockchain investigator Officer’s Notes believes they may have been a suspect in the $195 million Euler Finance hack. In an April 4 Twitter thread, the security researcher stated, “Seems like I was a suspect in this case, as usual.”The Euler team has denied that Officer’s
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The decentralized lending platform was exploited in a March 13 flash loan attack, causing it to lose $197 million worth of crypto assets. In the late hours of Monday, the Euler Finance hacker finally returned the outstanding sum of $31 million, bringing the recovery efforts to a conclusive end. The decentralized lending
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After being robbed of $196 million in a flash loan attack, Euler Finance has convinced its hacker to return most of the funds. The outcome resulted from numerous back-and-forths over 23 days, eventually leading the hacker to do “the right thing.”On March 13, the Euler Finance hacker carried out multiple
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Over the last week, the attacker of Euler Finance has released a total of $138 million which is 70% of the total amount stolen from the Euler Finance protocol. Earlier this month, a major decentralized finance (DeFi) hack rocked the crypto market with the hacker stealing nearly $200 million by exploiting
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