• Euler Finance recently had over $197 million worth of ether (ETH) and other crypto assets stolen from the DeFi protocol in a flash loan attack.
• The attacker has now started mixing the stolen tokens via Tornado Cash to obfuscate the trail.
• The Euler Foundation has set aside a $1 million reward bounty for anyone who provides information that could lead to an arrest of the hackers.

Euler Finance Hacked

Euler Finance, a decentralized finance lending and borrowing protocol powered by Ethereum, was victim to a flash loan attack resulting in over $197 million worth of ether (ETH) and other crypto assets being stolen.

Hacker Obfuscating Trail

The attacker has now begun laundering the stolen tokens via Tornado Cash in order to hide their tracks. Blockchain analytics platform Lookonchain also revealed that 100 ETH was transferred to an address handled by another hacker responsible for stealing 173,600 ETH and 25.5M USDC from Ronin Bridge.

$1 Million Bounty

In response to this theft, the Euler Foundation established a $1 million reward bounty for anyone who can provide valuable information leading to the arrest of these hackers.

Continued Threats To Crypto Space

Unfortunately, hacks and heists continue to plague the Web3 space with no permanent solution in sight yet. Last year alone saw over $3 billion lost to bad actors, with several DeFi protocols already losing millions so far this year as well.

Reward For Information Leading To Arrest Of Hackers

The Euler Foundation is offering a generous reward of one million dollars for any information leading to an arrest of these hackers as they attempt to launder their stolen tokens through Tornado Cash.