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Euler Finance hacked for over $195M in a flash loan attack

Published 03/13/2023, 06:17 AM
Updated 03/13/2023, 08:40 AM
© Reuters.

Ethereum-based noncustodial lending protocol Eurler finance faced a flash loan attack on March 13, with the attacker managing to steal millions in Dai (DAI), USD Coin (USDC), staked Ether (StETH) and wrapped Bitcoin (WBTC).

According to on-chain data, as per the last update, the exploiter carried out multiple transactions, stealing nearly $196 million. The ongoing attack has already become the largest hack of 2023. The breakdown of stolen funds is as follows:

Funds stolen from Euler Finance. Source: BlockSec.
Movement of funds from Euler Finance. Source: Meta Seluth

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