Euler Finance protocol was hacked on March 13, and the representatives of the project tried to negotiate with the hacker by offering them 10% of around $200 million stolen in exchange. This offer was not accepted, prompting Euler Finance to announce a $1 million theft reward.
Following that, on March 21, the lending platform Euler Finance was contacted by an exploiter through on-chain messages where the exploiter expressed a desire to reach an agreement. The message reads:
We want to make this easy on all those affected. No intention of keeping what is not ours… Setting up secure communication. Let us come to an agreement.
Euler Finance responded with its own on-chain message, acknowledging the exploiter’s message and requesting a private conversation.
Looks like the private conversation was held because, in a transaction on March 25, the exploiter returned 51,000 Ether, worth around $88 million at the time of writing. A second transfer of 7,737 ETH was made on the same day, worth over $13 million. The hacker had returned around 3,000 ETH to the protocol previously, worth nearly $5 million at the time, so the amount returned so far totals to $106 million. We continue to Observe.