Euler Finance to enter talks with exploiter over the return of funds

Ethereum-based lending protocol Euler Finance could be a step closer to recovering funds stolen in a

While the identity of the exploiter is not known, the recent language used by the exploiter could suggest more than one person is involved.

In a March 17 tweet, blockchain analytics firm Chainalysis said the recent 100 Ether (ETH) transfer to a wallet address associated with North Korea could mean the hack is the work of the “DPRK” — the Democratic People’s Republic of Korea.

However, this could also be an attempt to intentionally misdirect investigators, the firm said.

Other transactions from the exploiter’s wallet address include 3000 ETH, which was sent back to Euler Finance on March 18, along with funds sent to crypto mixer Tornado Cash and even an apparent victim of the exploit. 

https://t.co/4OBksAu9od pic.twitter.com/Zb3MIyex2f

— PeckShield Inc. (@peckshield) March 18, 2023

On March 20, another address reached out to Euler on-chain, claiming to have found a “solid string of connections” that could help them find out who and where the exploiter was.

Cointelegraph reached out to the Euler Foundation for comment but did not receive an immediate response.