Euler Finance's Devs Put Up Reward To Nab Hackers Behind $200M Crypto Hack

Decentralized lending protocol Euler Finance (CRYPTO: EUL) announced a $1 million reward for information leading to the arrest of the individuals behind the recent exploit that resulted in the loss of nearly $200 million.

In a message sent via on-chain messages from Euler's deployer contracts, the developers stated the reward would be offered if 90% of the funds were returned within 24 hours.

The protocol suffered an attack on Monday, which resulted in the loss of funds in Dai (CRYPTO: DAI), Wrapped Bitcoin (CRYPTO: WBTC), sETH (CRYPTO: SETH) and USD Coin (CRYPTO: USDC) over four transactions.

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The attacker used a flash loan to temporarily trick the protocol into assuming it held varying amounts of eToken and dToken.

Following the attack, the developers reached out to the attackers and offered to discuss any potential next steps. Euler's native EUL tokens have fallen by 16% in the past 24 hours, according to CoinGecko data.

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