Euler Finance hacker despatched 100ETH to Ronin Bridge exploiter

Euler (EUL) Finance exploiter despatched 100 Ethereum (ETH) — price $170,468 — to the Ronin Bridge exploiter on March 17.

On-chain analyst Lookonchain questioned whether or not the transaction confirmed that the 2 hackers have been the identical individual or if the switch was intentional.

The Ronin Bridge exploit was linked to the notorious North Korean hacker group Lazarus — circulating speculations of whether or not the group was additionally behind Euler Finance’s exploit.

In the meantime, the transaction doesn’t present conclusive proof concerning the relationship between each events. The Euler Finance attacker had tried to obfuscate his transactions by sanctioned mixing protocol Twister Money. The attacker additionally despatched 100 ETH to one of many victims of the exploit.

The Lazarus group was accountable for the $625 million Ronin bridge exploit in March 2022, in line with the Federal Bureau of Investigation (FBI). The US Division of the Treasury added the hacker group to its Workplace of International Belongings Management (OFAC) sanctions checklist.

The FBI has additionally held Lazarus Group and APT38 as accountable for the $100 million exploit of the Horizon bridge. Though the North Korean authorities has denied sponsoring Lazarus and APT38, regulation enforcement companies have linked a number of crypto assaults to North Korean hackers.

Euler Labs CEO stated exploited codes have been audited

The Euler Labs CEO Michael Bentley stated the DeFi protocol has at all times been a security-minded undertaking, including that its sensible contracts — together with the susceptible strains of code — have been audited.

Bentley was responding to a sufferer who tweeted that the protocol had had ten totally different audits from six corporations between 2021 and 2022.

In a March 17 Twitter thread, Bentley stated this was essentially the most difficult interval of his life as he needed to sacrifice time together with his new child son. For this, he stated he would by no means forgive the attacker.

The CEO reiterated the undertaking’s dedication to discovering the attacker, urging anybody with data that would result in his arrest to come back ahead.

Bentley concluded that:

“Everybody related to Euler is working tirelessly to attain the absolute best outcomes as shortly as attainable.”