In the world of cryptocurrencies, we barely have time to recover from the biggest computer crash of the century when a new computer arrives to make the front page of private media. Just months after Binance’s record-breaking 580 million euro hack, another platform has been targeted by digital assets-hungry hackers: Euler. For starters, Euler is a lending protocol hosted on Ethereum that allows tangible. recovering and borrowing assets in a decentralized way.
The amount of loot does not reach the heights of the attack on Binance, but it is still very impressive. According to initial estimates, $197 million or Just over 184 million euros. Hackers mostly stole stablecoins like USD Coin and DAI. Right now, The biggest cryptocurrency theft of 2023.
Already a new record for cryptocurrency theft in 2023
The attack was detected on Monday, March 13 by PeckShield, a cybersecurity company specializing in protecting digital assets. suspicious transfers of several million euros on the platform. After alerting Euler on Twitter, the targeted firm confirmed it was the victim of a hack, adding that it had approached authorities to clarify the matter and try to recover the stolen funds.
“We continue to investigate the illegal mining of Euler Protocol funds that occurred this morning”Euler explained later that day. “The Euler Labs team took several immediate steps, including contacting law enforcement and sharing information, and working with independent third-party auditors and security companies to try to recover the funds and determine exactly what happened.”
We are aware and our team is currently working with security professionals and law enforcement. We will post more information as soon as we receive it.
—Euler Laboratories (@eulerfinance) March 13, 2023
