Euler Finance

Cyber-thieves feasted on a staggering $2.3 billion worth of cryptocurrency in 2023. What Happened: From manipulated smart contracts to pilfered private keys, no protocol was entirely safe this year. "Many hacks could have been prevented through proper code audits," Richard Ma, founder and...

Euler Finance, a lending protocol that facilitates crypto lending and borrowing, has suffered a flash-loan attack resulting in a loss of $197 million, according to security firms BlockSec and PeckShield. Quoting the blockchain security firms, The Block reported that the attack took place at 4:50 am...