Euler Finance Recovers All Funds from March Exploit
- DeFi
- Security
Euler Finance announced on April 3, 2023, that they successfully negotiated with the exploiter of their protocol, recovering all funds stolen in the March 13 hack worth over $195 million. The attacker returned the assets after weeks of back-and-forth, marking a rare full recovery in DeFi history. CT celebrated the win as a testament to on-chain sleuthing and community pressure, though some speculated the hacker just got cold feet.
Incident Details
- Type
- PROTOCOL EXPLOIT
- Funds Lost
- $195M
- Status
- Funds recovered
Full recovery of funds achieved through negotiations with the exploiter, setting a precedent for DeFi incident resolutions.