• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: World Liberty Financial Accuses Exchange Of Token Manipulation, Justin Sun Blacklisted
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: World Liberty Financial Accuses Exchange Of Token Manipulation, Justin Sun Blacklisted
Euler Finance

Euler Finance Hacker Gets Two Options: $20 Million Bounty Or Prosecution

Beenish Khan
by Beenish Khan
2 years ago
·
Posted in DeFi
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The Euler Finance team has aggressively pursued recovering the funds stolen from its platform. The hacker stole crypto tokens worth millions of dollars, pushing the lending platform to involve some security firms and authorities from the US and UK.

In an update about the incident, Euler Finance has demanded that the hacker return 90% of the funds within 24 hours or face prosecution.

Hacker Receives An Ultimatum From Euler Finance

According to the Twitter user “0xngmi”, Euler Labs gave the exploiter of its platform two options through an injunction. The DeFi lending protocol sent a flash loan to the hackers through a transfer of 0 ETH to their address with a message embedded in the transaction.

Related Reading: Here’s How Ripple Execs Assess The US Banking System Crisis

The on-chain message from Euler demands that the hacker returns 90% of the stolen funds within 24 hours. Failure to do so, the protocol threatens to launch a $1 million reward for information that will lead to the arrest and recovery of the funds.

On March 13, the hacker drained about $196 million of digital assets from the lending platform by exploiting software vulnerabilities. During the investigations with other security and auditing firms, Euler sent an earlier message to the hacker’s address asking if they were open to discussing “potential next steps.” 

The lending protocol mentioned that they are aware of the attacker’s activities on the platform that led to its tremendous loss. It requested a discussion and cooperation from the hackers regarding the attack details and stolen funds.

Online Reactions To Euler’s Ultimatum Message

If the demand from Euler Finance to the hacker is successful, the lending platform will receive about $176.4 million, leaving the hacker with $19.6 million.

But several reactions have been flowing among online observers on the possibility of Euler’s ultimatum working. Some people believe the attacker has little or nothing to gain if he agrees with Euler’s offer.

Euler Finance Hacker Gets Two Options, $20M Bounty or Prosecution
EUL price continues to tank l EULUSDT on Tradingview.com

A Twitter user ‘drnick’ wrote that the hacker would either be on the run for the rest of his life or take the bounty deal of almost $20 million. To him, it doesn’t make sense to go with the first option. Also, the user thinks the hacker could be state actors, so he won’t bother encountering the low-level feds.

Related Reading: Ripple Execs Voice Confidence After SEC Defeats This Week

Another Twitter user stated that the hacker could even offer double value to anyone that could track him. This means that the attacker could offer $2 million against the $1 million Euler is offering.

Euler Attack Impacted Some DeFi Protocols

The exploit on Euler Finance led to the loss of locked tokens affecting some decentralized protocols. The contagion from the attack spread to about 11 other DeFi protocols, according to their various posts on Twitter.

On March 13, Balancer reported that the attack impacted Euler Finance’s Boosted USD (bbe-USD) pool. Though Balancer later paused the pool and set it to recovery mode, about 65% of the pool’s total value locked (TVL) was drained.

Also, Angle Protocol posted a report on its exposure to the Euler exploit. According to its statement, the protocol lost several tokens worth about $17 million. Others that lost some amounts in the Euler hack include Idle Finance, Yoeld Protocol, and Yearn Finance.

Featured image from Pixabay and chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Beenish Khan

Beenish Khan

Follow

Full Profile

Related Posts

DCA Bitcoin BTC

Bitcoin sa drží nad 114 000 $. Oplatí sa stratégia DCA pri súčasnej cene Bitcoinu?

4 weeks ago
cena bitcoinu nove historicke maximum ATH 123 tisíc dolárov

Cena Bitcoinu dnes vyskočila nad 123 000 $. Začína „krypto týždeň“

1 month ago
Tokenized RWA Just Flipped The Switch – Onchain Finance Narrative Back On

Tokenized RWA Just Flipped The Switch – Onchain Finance Narrative Back On

1 month ago
Crypto

Senate To Address IRS DeFi Broker Rule: Overturn Vote Expected By Week’s End

5 months ago
X Money to Support Crypto at Launch? Best Wallet Is the Perfect Companion

X Money to Support Crypto at Launch? Best Wallet Could be the Missing Link

7 months ago
Ethereum Token Terminal

Are Ethereum DeFi Titans Like Uniswap, Maker, And Lido Grossly Undervalued?

1 year ago

Premium Sponsors

Press Releases

  • miner

    ADA’s path to long-term success: Integrating with...

    1 hour ago
  • Bitget and Bitget Wallet Support Trading of Over 100...

    4 hours ago
  • miner

    XRP Price From a High of $3.65 to a Low of $2.72: How GMO...

    7 hours ago
  • miner

    7 Trending Crypto Mining Apps This Year That Give Free...

    9 hours ago
  • mining

    6 Most Reliable Crypto Mining Software to Help Miners...

    10 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.