Euler Finance DeFi Protocol Hacked, $197 Million Suspected Stolen
Euler Finance, a decentralized finance (DeFi) protocol that offers on-chain lending services, has reportedly been attacked. The blockchain security firm BlockSec has monitored the situation and suspects that over $197 million or more may have been stolen in the attack. The attack on Euler Finance highlights the ongoing security concerns in the DeFi space.
As per the findings of MetaSleuth, the perpetrator is believed to be connected to the deflation attack that took place a month ago. The attacker leveraged the Multichain MultichainOrg bridge to move the funds from Binance Smart Chain to Ethereum and executed the latest attack today. Euler Finance completed a $32 million financing round last year, with participation from notable firms in the cryptocurrency industry such as FTX, Coinbase, Jump, Jane Street, and Uniswap. However, this growth has also attracted the attention of hackers looking to exploit vulnerabilities in the protocols.
Source
https://t.me/Crypto_Futures_Trading
