On April 3, the attacker who hacked the DeFi protocol Euler Finance returned to the platform the remaining digital assets worth $31 million.
Following successful negotiations, all of the recoverable funds taken from the Euler protocol on March 13th have now been successfully returned by the exploiter.
— Euler Labs (@eulerfinance) April 3, 2023
The hacker sent the stolen cryptocurrency in three transactions, including 10,580 ETH (~$19 million) and $12 million in the DAI stablecoin.
In total, the hacker returned $177 million, which represents 90% of the withdrawn assets. The remaining 10% — about $19 million — the hacker received as a reward that the project team had previously offered.
In light of this news, the governance token EUL rose 13.3% over the day, to $3.96.
Earlier on March 13 Euler Finance was hacked using flash loans. The attacker drained assets worth $196 million from the protocol. In particular, the hacker stole over 85,800 ETH.
On March 25, as part of five transactions, the hacker returned to the project the bulk of the stolen funds — more than 58,700 ETH.
On March 28, the hacker sent Euler 23,214 ETH and $10.7 million in DAI. In a note accompanying the transfers, he apologized for the breach.