Euler hacker seemingly taking their chances, sends funds to crypto mixer


The hacker responsible for the $196 million attack on Euler Finance has begun moving funds to cryptocurrency mixer Tornado Cash, just hours after a $1 million bounty was released to discover the hacker's identity.

Blockchain analytics firm PeckShield tweeted on March 16 that the exploiter behind the flash loan attack in the Ethereum non-custodial lending protocol was "on the move".

The exploiter transferred 1,000 Ether (ETH), approximately $1.65 million, through sanctions Tornado Cash crypto mixer.

It arrives just hours after Euler Labs. tweeted that he was issuing a $1 million reward for information leading "to the arrest of the Euler protocol attacker and the return of all funds."

Just a day earlier, Euler sent a chain message to the exploiter's address, warning that he would drop a bounty "leading to his arrest and the return of all funds" if 90% was not returned within 24 hours.

The movement of funds towards the crypto mixer could indicate that the hacker is not being swayed by Euler's amnesty offer.

Peckshield noted that around 100 ETH, worth $165,202 at the time of writing, was sent to a wallet address likely owned by one of the victims. A chain message sent by the wallet address had asked the attacker to return his "life savings."

This led to a large number of other victims sending messages to the address in the hope that they would also get their funds back.

Related: Euler attack causes locked tokens, losses in 11 DeFi protocols, including Balancer

a message fixed they “are twenty-six unemployed families from rural areas”, who lost “a million dollars in total”, adding that their share of the funds in the protocol were the “lifeline of our last decades of factory work”.

Another apparent victim sent a message to the attacker congratulating him on the "great win" and said they invested funds in Euler that they "desperately needed" for a house.

“My wife is going to kill me if we can't pay for our house. [...] is there a way [sic] you can help? I have no idea what to tell my wife," they wrote.

According to the chain's data, the $196 million stolen from Euler consisted of Dai (ICD), USD currency (USDC), they staked ETH and wrapped Bitcoin (WBTC).