Despite a major security breach in 2023, Euler lending protocol successfully regained users' trust. The project’s TVL grew by over 5x in the first few months of 2025 and shows no signs of slowing down anytime soon.

On March 25 the hacker behind Euler Finance’s $197 million exploit returned most of the stolen funds to the protocol.

On March 13th, 2023, the cryptocurrency experienced market turbulence after a hacker made a record-breaking $197 million by exploiting the Euler Finance protocol using flash loans.