{"id":308242,"date":"2023-03-13T10:50:31","date_gmt":"2023-03-13T10:50:31","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=308242"},"modified":"2023-03-13T10:45:50","modified_gmt":"2023-03-13T10:45:50","slug":"euler-finance-eul-crashes-48-following-197m-hack","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/euler-finance-eul-crashes-48-following-197m-hack\/","title":{"rendered":"Euler Finance EUL crashes 48% following $197M hack"},"content":{"rendered":"

Euler Labs has been exploited for $177 million in four transactions, according to Blockchain security firm BlockSec.<\/p>\n

The smart contract auditing firm added<\/a> that two more attack transactions took the total loss to $197 million.<\/p>\n

According to a google document<\/a> shared by the firm, the malicious players stole $8.76 million worth of DAI<\/a>, $33.85 million USDC<\/a>, 849 Wrapped Bitcoin (WBTC<\/a>) worth $18.5 million, and 85,817 staked Ethereum\u00a0 (stETH<\/a>) worth $135.8 million.<\/p>\n

Another on-chain data service provider Arkham Intelligence corroborated<\/a> BlockSec's finding.<\/p>\n

The UK-based firm confirmed that it was aware of the exploit. It added<\/a>:<\/p>\n

“We are aware and our team is currently working with security professionals and law enforcement. We will release further information as soon as we have it.”<\/p><\/blockquote>\n

Following the news, Euler Labs' EUL token has plunged by roughly 48% to 3.10, according to CoinMarketCap data<\/a>.<\/p>\n

Euler Finance provides on-chain lending services and completed a $32 million funding round that included Coinbase and defunct crypto exchange FTX in 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"

Euler Labs has been exploited for $177 million in four transactions, according to Blockchain security firm BlockSec. The smart contract auditing firm added that two more attack transactions took the total loss to $197 million. According to a google document shared by the firm, the malicious players stole $8.76 million worth of DAI, $33.85 million […]<\/p>\n","protected":false},"author":720,"featured_media":308255,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16041],"tags":[78439,78440],"post_folder":[],"acf":[],"yoast_head":"\nEuler Finance EUL crashes 48% following $197M hack<\/title>\n<meta name=\"description\" content=\"Euler Finance confirmed that it was aware of the attack. 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