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HomeEuler Finance hacker sends 100 ETH to red-flagged North Korean address

Euler Finance hacker sends 100 ETH to red-flagged North Korean address

Euler Finance hacker sends 100 ETH to red-flagged North Korean address

Ever since Euler Finance fell victim to the biggest hack of 2023, the crypto community closely followed the $197 million loot on-chain — hoping to track down the attacker. Out of the series of transfers made by the hacker, one transaction of 100 Ether () was allegedly sent to an address associated with North Korea-linked actors.

Blockchain investigator Chainalysis identified that 100 ETH from Euler’s stolen funds was transferred to an address flagged in an older hack with links to North Korea.

100 ETH stolen in Monday’s Finance hack have moved to an address associated with a previous hack carried out by -linked actors. This may mean the Euler hack is the work of too, or could be misdirection by other hackers. We’ll share more details as possible

— Chainalysis (@chainalysis)

The hacker also without disclosing their intent. However, no other transfers were made after that at the time of writing. In both cases, it was unclear whether the hacker was trolling or if they genuinely considered .

While Chainalysis suspected the involvement of North Korea in the Euler Finance hack, it highlighted the possibility of misdirection by other hackers.

Related:

Euler Labs CEO Michael Bentley shared his displeasure with the $197 million hack as he revealed that assured its security.

Euler has always been a security-minded project. The Euler smart contracts, including the vulnerable lines of code, were audited.

— Michael Bentley (@euler_mab)

As Cointelegraph previously reported, blockchain security firms, including Halborn, Solidified, ZK Labs, Certora, Sherlock and Omnisica, conducted smart contract audits on Euler Finance from May 2021 to September 2022.

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