Euler Finance Demands Hacker Return Millions in 24 Hours or Face Prosecution
• Euler Finance has demanded that a hacker return 90% of the funds stolen from its platform within 24 hours or face prosecution.
• The DeFi lending protocol sent a flash loan to the hackers through a transfer of 0 ETH with an injunction message embedded in the transaction.
• Online observers have been reacting to the possibility of Euler’s ultimatum working successfully.
Euler Finance Demands Hacker Returns Stolen Funds
The Euler Finance team has aggressively pursued recovering the funds stolen from its platform. The hacker stole crypto tokens worth millions of dollars, pushing the lending platform to involve some security firms and authorities from the US and UK. In an update about the incident, Euler Finance has demanded that the hacker return 90% of the funds within 24 hours or face prosecution.
Hacker Receives An Ultimatum From Euler Finance
According to the Twitter user “0xngmi”, Euler Labs gave the exploiter of its platform two options through an injunction. The DeFi lending protocol sent a flash loan to the hackers through a transfer of 0 ETH to their address with a message embedded in the transaction. The on-chain message from Euler demands that the hacker returns 90% of the stolen funds within 24 hours or risk facing prosecution along with $1 million reward for information leading to recovery and arrest of funds.
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On March 13, it was discovered that someone had drained about $196 million out of digital assets from Euler’s lending platform by exploiting software vulnerabilities. During investigations involving other security and auditing firms, Euler sent an earlier message to ask if they were open for discussion about “potential next steps” regarding attack details and stolen funds recovery as well as cooperation from hackers.
Online Reactions To Ultimatum Message
If successful, this demand will allow Euler Finance to receive around $176.4 million leaving behind only $19.6 million for hackers which is why several reactions have been flowing among online observers on possibility of ultimatum working successfully or not? Some people believe it may be too little for hacker to gain anything out of agreement so he may either choose running away for his life or take bounty deal having almost 20 million dollars at hand.
Conclusion
Under such circumstances there are no apparent signs yet as what will happen however, only time will tell whether threat works out as intended or not?