The individual responsible for the largest DeFi exploit in 2023 is once again exhibiting questionable behavior, as they have returned most of the funds they stole from Euler Finance.
Through two separate transactions, the perpetrator sent over $100 million worth of ETH back to the DeFi protocol.
- CryptoPotato reported on the flash loan attack that took place earlier in March, where the DeFi lending protocol was drained of $198 million worth of USDC, staked ether, wrapped BTC, and DAI. Later reports revealed that this vulnerability was present for over eight months before the hack occurred.
- The project team offered the attacker a $20 million reward, which they declined, opting instead to launder portions of the profits via TornadoCash.
- Interestingly, the perpetrator returned some of the funds to a user on Twitter who complained, then shortly after, the attacker returned some ETH to the DeFi protocol. There are reports that the attack may be linked to the notorious Lazarus Group.
- Further on-chain data from the weekend reveals that the hacker returned over $104 million worth of ETH to Euler Finance through two separate transactions.
- The first transaction occurred on March 25, where 51,000 ETH was returned. The second, which took place hours later, saw the return of another 7,737 ETH.
- The decision to return the majority of the funds has had a positive effect on the DeFi protocol’s native EUL token, which has risen by over 35% in the past 24 hours.